The Hindu Business Line : Tuesday, June 15, 2004

TELECOMMUNICATIONS
MTNL profit rises 31 pc; to pay 45%
MAHANAGAR Telephone Nigam Ltd (MTNL) has reported a 31 per cent increase in net profit at Rs 1,150 crore for the year 2003-04 as compared with Rs 877 crore in the previous year. The company has announced a 45 per cent dividend. The net ... More

FOREIGN BANKS
HSBC (India) net up 32 pc on higher income, cost cuts
HIGHER operating income and the bank's ability to contain costs have helped The Hong Kong and Shanghai Banking Corporation (HSBC) in India report a 32 per cent rise in net profit for the year-ended March 31, 2004. Net profit increased to Rs ... More

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