Hindustan Petroleum Corporation (HPCL) has posted a 95 per cent rise in net profit at Rs 1537.36 crore for the financial year ended March 31, 2003 as against Rs 787.98 crore in 2001-02.
The board has recommended the highest ever dividend of 180 per cent (Rs 18 per share) for 2002-03, the company said in a release. Turnover rose 16.1 per cent at Rs 52,605 crore (Rs 45,310 crore).
ICICI Bank loss at Rs 798 crore
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The New York Stock Exchange-listed ICICI Bank has reported a net loss of Rs 798 crore ($168 million) for the financial year ended March 31, 2003, as per the US generally accepted accounting principles (US GAAP).
The accounts, however, show a profit before provisions against loans and investments, taxation and effect of accounting changes, of Rs 1,122 crore ($236 million), ICICI Bank said in a release.
Under the Indian GAAP, the consolidated profit after tax of the country