Online edition of India's National Newspaper
Thursday, January 29, 2004
India can become fastest growing economy
MUMBAI, JAN. 28.India could become one of the fastest growing countries among the emerging market economies (EMEs) on the back of actual borrowings less than the budgeted estimates, a GDP of 7 per cent, foreign exchange reserves of over $100 ...
4-4.5 p.c. inflation expected
MUMBAI, JAN. 28. Reversing the view it took in its last mid-term review of the monetary and credit policy, the Reserve Bank of India today noted that the magnitude of price rise in the last two months has been above the original expectations and ...
Trade bodies hail Exim initiatives
NEW DELHI, JAN. 28. The premier trade bodies and exporters generally welcomed as `positive' the changes announced by the Union Commerce Minister, Arun Jaitley, in the Exim Policy today. These modifications would further help boost exports, the ...
UPASI to take up online trading in tea
COIMBATORE: The United Planters' Association of Southern India (UPASI) would be the first producer body in the country to take up online trading in tea. B. R. Bansali, Chairman, UPASI Commodity Exchange Ltd, told presspersons that trading, ...
ONGC files draft prospectus
NEW DELHI, JAN. 28. The Oil and Natural Gas Corporation today filed with the Securities and Exchange Board of India the draft prospectus for the public issue of Government's 10 per cent stake. As much as 14.2 crore equity shares will be ...
Infosys partners Microsoft, Intel
CHENNAI: Infosys Technologies has announced that its business unit is partnering Microsoft Philippines, a division of Microsoft Corporation, and Intel Microelectronics Philippines Inc. to provide eBanking solutions to banks in Philippines. The ...
Pfizer sells Ankleshwar plant
MUMBAI, JAN. 28.Pfizer has sold its Ankleshwar plant to Anodyne Remedies India for Rs. 4.50 crores. The two companies have entered into an agreement to this effect, Pfizer said in a release here today. The sale is subject to the approval of the ...
Amalgamation of TVS Autolec
CHENNAI: Sundram Fasteners has informed the Bombay Stock Exchange that at the meeting of the shareholders of the company held on January 28, the members have approved the arrangement embodied in the scheme of amalgamation / arrangement of TVS ...
British Airways to cut costs
LONDON, JAN. 28.British Airways plc. said on Wednesday that it planned to cut pound sterling 300 million ($550 million) from staff costs over the next two years to secure its future and become a profitable carrier. Chief Executive, Rod Eddington, ...
Dabur to acquire personal care brand in Egypt
CHENNAI: Dabur India (DIL) is in the process of acquiring a personal care brand "Touch" in Egypt. The price has been negotiated at $1.8 million, subject to due diligence. It is planned to be integrated under the "Dabur" brand. It will be extended ...
Macmillan to pay 30 p.c. interim
CHENNAI: Macmillan India has informed the Bombay Stock Exchange that the board of directors at its their meeting held on January 27 has recommended an interim dividend of 30 per cent to be paid for the year 2003. Our ...
Fujitsu Alliance bags U.K. order
MUMBAI: Tata Consultancy Services (TCS) on Wednesday said that Fujitsu Alliance, one of the largest global software and services consulting organisation in which TCS is a member, has bagged pound sterling 896 million contract from the National ...
COIMBATORE: J. M. K. Sekhar assumed charge as Chief Commissioner of Central Excise, Coimbatore Zone, on January 23. According to a release, the Coimbatore Zone has jurisdiction over Coimbatore, Salem, Madurai, Tirunelveli and Tiruchi Central ...
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