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Since 1st March, 1999
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Business Briefs

Mastek Q2 net up 67%

Mumbai, Jan. 13: Mastek Ltd has registered a 67.37 per cent increase in net profit at Rs 15.75 crore for the second quarter ended December 31, 2002, as against Rs 9.41 crore in the same period last year. Its total income for the reporting quarter stood at Rs 38.86 crore compared with Rs 24.47 crore in the same period of the previous year, a company statement said here today.

NPIL move

Mumbai, Jan. 13: Nicholas Piramal India Ltd’s (NPIL) shareholders today approved the amalgamation of Global Bulk Drugs & Fine Chemicals Pvt Limited and NPIL. It also approved increase in authorised share capital from Rs 50 crore to Rs 75 crore by creation of 15,00,000 preference shares of Rs 100 each and 1,00,00,000 unclassified shares of Rs 10 each.

Bharti ISD rate

New Delhi, Jan. 13: The Bharti group today indicated that it may reduce the rates of the international long distance calls (ISD) and bandwidth over which VSNL was the sole supplier till now.

Central Bank

Mumbai, Jan. 13: Central Bank of India has lowered its term deposit rates by 25 basis points for select slabs with effect from January 15.

Vanaspati plea

Calcutta, Jan. 13: The Union food ministry has convened an emergency meeting of top officials from the finance, commerce and health ministries, as well as industry associations, to discuss the plight of the domestic industry in the face of unhindered import of vanaspati from Nepal.

Oil prices

London, Jan. 13: Oil prices edged lower in choppy early trade here today after Saudi Arabian oil minister Ali al-Nuaimi said the world’s leading producer would ensure the world market was furnished with adequate supplies. The February benchmark Brent North Sea crude oil contract fell 38 cents to $ 29.29 per barrel in early deals.

Corolla launch

Bangalore, Jan. 13: Toyota Kirloskar Motor will launch Toyota Corolla on Tuesday, a passenger car in the C segment, company officials indicated here.

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