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December 2nd, 2010
Rolta May Return to Profit Growth This Year on Indian Defense Contracts

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Rolta India Ltd., a maker of software for companies such as Chevron Phillips Chemical Co., expects to return to a profit growth this year on increased demand for its products from India’s military. Net income may rise 15 percent in the year ending March 31, said Hiranya Ashar, chief financial officer at the Mumbai-based Rolta. The company’s profit fell 13 percent last year, according to data compiled by Bloomberg. Read More