Online edition of India's National Newspaper
Tuesday, June 15, 2004
Rupee slumps to 45.35/$
MUMBAI, JUNE 14. The rupee virtually slumped against the U.S. currency today after persistent hectic dollar demand amidst a resurgent dollar overseas and rising concerns over firm global oil prices, drove it down to a 12-day closing low of ...
Slowdown in car sales
NEW DELHI, JUNE 14. The growth in car sales in May dropped to single digit after a steep 32.4 per cent increase in the previous month. However, auto majors Maruti and Tatas offset the negative growth posted by the second-largest player Hundai ...
SEZ status for West Bengal leather complex
KOLKATA, JUNE 14. It was a gift to West Bengal designed by the erstwhile NDA Government but formally delivered by the Left supported UPA Government. Barely weeks after assuming office the Manmohan Singh government okayed the proposal to set up a ...
Flextronics prices open offer at Rs. 548
NEW DELHI, JUNE 14. Flextronics International has priced its open offer for 20 per cent of the paid-up equity capital of Hughes Software Systems at Rs. 548 a share. The offer price to the public shareholders is a rupee higher than what ...
BSE ED resigns
MUMBAI, JUNE 14. The Bombay Stock Exchange today accepted the resignation of its Executive Director and Chief Executive Officer, Manoj Vaish. However, Dr. Vaish will be with the BSE till the end of September. The BSE in a release stated that ...
Report on financial conglomerates
MUMBAI, JUNE 14. A Reserve Bank of India constituted working group on financial conglomerates has recommended that a monitoring system be evolved to capture intra-group transanctions and exposures among group entities. This system would also ...
Snecma Aero to expand
NEW DELHI, JUNE 14. Snecma Aerospace India, the Bangalore-based research and development centre of French aerospace giant Snecma, plans to increase its turnover and double its workforce by 2006. This was stated by the new Managing Director, ...
Maliban to enter Indian market
COLOMBO, JUNE 14. Sri Lanka's top biscuit manufacturer, Maliban, is to make a big push into the lucrative Indian market. Maliban is to export its first major shipment of biscuits this week to Chennai, company officials said. The biscuits are ...
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