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Tuesday, January 20, 2004
Further amendments to ECB norms
NEW DELHI, JAN. 19.The Union Finance Ministry has announced some more amendments to external commercial borrowing (ECB) guidelines that will come into force from the date of issue of notification of regulations or directions. For one, end-use ...
India, E.U. for resumption of WTO talks
NEW DELHI, JAN. 19.India and the European Union today signalled their eagerness to restart the stalled round of negotiations under the Doha Development Round of the World Trade Organisation (WTO). The visiting E.U. Trade Commissioner, Pascal ...
Drop three Singapore issues from WTO agenda FICCI
NEW DELHI, 19.While calling on the visiting the EU Trade Commissioner, Pascal Lamy, here on Monday, the Federation of Indian Chambers of Commerce and Industry President, Y. K. Modi, reiterated Indian industry's demand for keeping the three ...
Cairn strikes huge oil reserves in Rajasthan
NEW DELHI, JAN. 19.The Scottish explorer Cairn Energy today announced a huge oil discovery in Rajasthan, which the Union Petroleum and Natural Gas Minister, Ram Naik, described as the `New Year's gift' to the nation. The initial estimate by ...
M. V. Subbiah relinquishes office
CHENNAI, JAN. 19. Former head of Hindustan Lever Ltd. (HLL) S. M. Datta is the new Chairman of EID Parry Ltd., a company belonging to the Chennai-based Murugappa group. Mr. Datta succeeds M. V. Subbiah, who relinquished office today on reaching ...
Increasing lines of credit to be routed via Exim Bank
CHENNAI, JAN.19.The Union Government proposes to use lines of credit routed through non-government institutions as a mechanism for promoting exports to countries in which India's market share is limited, according to R. Viswanathan, Joint ...
Equities stage smart recovery
MUMBAI, JAN. 19.After a sharp correction, stocks bounced back with a vengeance, lifting the Sensex by 118 points at close in hectic activity on Bombay Stock Exchange on Monday on revival of buying support from institutional investors. The ...
Essar Oil allowed to go ahead with project
NEW DELHI, JAN. 19.In a boost to Essar group, the Supreme Court today allowed it to go ahead with its Rs. 10,000 crore oil refinery at Jamnagar in Gujarat, hanging fire for almost a decade due to controversy over its pipelines passing through a ...
PTC to go public in February
NEW DELHI, JAN. 19. Power Trading Corporation will enter the capital market next month with its initial public offer to enhance capital by Rs. 58.50 crores. The draft prospectus for the issue was filed last week with the market regulator ...
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