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Business Briefs

D-Link net profit rises 71%

Mumbai, Oct. 18: IT major D-Link (India) has posted a 70.56 per cent increase in net profit at Rs 9 crore in the second quarter ended September 30, 2003, compared with Rs 5.27 crore posted during the same period of the previous fiscal. The company’s board has recommended a Rs 1.20 per share (60 per cent) interim dividend, with November 7, 2003, as record date for payment, D-Link said in a release here today. D-Link’s total income rose to Rs 60.14 crore during the quarter under review, as against Rs 47.98 crore posted during the corresponding period of 2002-03, it said.

WiLL row

New Delhi, Oct. 18: Dismissing reports that it shot off a letter to Reliance recently asking the company to clarify its position on restricting WiLL services to local area, the communications ministry said today it is examining the “pros and cons” of how to enforce limited mobility within a short distance charging area (SDCA). “No letter has gone to Reliance yet... We are examining how to enforce limited mobility within local area (SDCA,” DoT secretary Vinod Vaish said.

IndusInd Bank

Dubai, Oct. 18: IndusInd Bank is opening its first-ever overseas office in Dubai this month to strengthen NRI and international trade services. The move will also strengthen its Gulf-based correspondent banking network for mutually-beneficial business opportunities, Bhaskar Ghose, managing director of the bank, said here.

NTPC survey

Nagpur, Oct. 18: Power giant National Thermal Power Corporation (NTPC) will begin its survey tomorrow for the proposed Rs 5000-crore, 1000 mw power plant at Mouda, about 30 kms near here. Survey work will start at Lapki village identified by the Maharashtra government as the proposed site for the mega plant, Maharashtra minister for textile and labour, Satish Chaturvedi said here today.

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