The Hindu : Business News : Thursday, July 01, 2004

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Thursday, July 01, 2004

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GDP grew 8.2 p.c. in 2003-04
NEW DELHI, JUNE 30.Official figures put out today confirm that the Indian economy had one of the better runs during 2003-04 with the gross domestic product (GDP) growing at 8.2 per cent. This was more than double the growth rate of 4 per cent ...

Current account surplus at $8.72 billion
MUMBAI, JUNE 30.Buoyed by the performance of software services and tourism sector and remittances, India's balance of payment (BoP) surplus more than doubled to $8.721 billion on the current account for fiscal 2003-04 over $4.137 billion reported ...

MTNL may get tax breaks on licence fee
NEW DELHI, JUNE 30.There is a possibility of Mahanagar Telephone Nigam Limited (MTNL) is to recoup over Rs. 1,000 crores, a fraction of the amount it had paid to the Central Exchequer as `arbitrarily' determined licence fee for operating phone ...

ING Vysya in pact with Madras Fertilizers
CHENNAI, JUNE 30.ING Vysya Life Insurance has entered into an alliance with Madras Fertilizers to develop life insurance markets in rural Tamil Nadu, Karnataka and Andhra Pradesh. Addressing presspersons after signing the agreement here today, ...

Century Plyboards to set up cement plant in Meghalaya
KOLKATA, JUNE 30.Century Plyboards (I) Ltd. along with the Shyam group is promoting a cement plant in the North-eastern region at Lumshong in Meghalaya. The project cost is estimated at Rs. 200 crores. Named as Cement Manufacturing Company ...

Other Stories

Rupee recovers

Sundram Fasteners net up at Rs. 58 cr.

Market runs out of steam after firm start

Remove anomalies in customs duties — CII

Kesoram to invest Rs. 350 cr. on expansion

SCI net zooms

Kochi Refineries applies for licence

Barometer

Exchange rates

Bullion rates

Briefly
Fiscal deficit up 14 p.c.
NEW DELHI, JUNE 30.The fiscal deficit was up by over 14 per cent at Rs. 38,982 crores in the first two months of this fiscal on account of a surge in Government spending. The Centre's fiscal deficit till May was 28.6 per cent of the budgeted ...

SEBI likely to clear TCS IPO soon
MUMBAI, JUNE 30.In an effort to boost primary market activity, the Securities and Exchange Board of India is likely to clear the initial public offering of Tata Consultancy Services Ltd `soon.'. The market regulator is now processing the draft ...

Cognizant may close down Ireland unit
CHENNAI, JUNE 30. Cognizant Technologies Solutions is planning to close down its software development facility at Limerick in Ireland in the face of Euro appreciation. The closure move will hit the 50-odd employees in that facility. Cognizant ...

IOB revises NRE deposit rates
CHENNAI: Indian Overseas Bank has revised the interest rates on NRE savings bank and term deposits. The revised rate for NRE SB is 1.90 per cent, which is valid for the quarter ending September 30, 2004. The revised rates for term deposits are ...

Other Stories

Kodak launches two digital cameras

Enercon's wind energy project

Indian Hotels launches indiOne

N. N. Khanna appointed CMD of ITPO

Corporation Bank revises NRE/FCNR(B) rates

New Premises for staff training facility

AWPL launches BPO.Sphere

MindTree opens centre in Bangalore

Freeze dried coffee from CCL Products

Dr. Reddy's R & D effort pays

PeopleOne Consulting starts operations

New Vice President for FAPCCI

Mother Dairy to cease JV operations

Wind River launches Workbench 2.0

Business opportunities in renewable energy

Ind Swift plans expansion

BPL Mobile's service

Praj bags contract for greenfield distilleries

Whirlpool's single door frost control fridge

RIM Kerala sales head passes away

ICICI Lombard to use Consign Tech software

Praj bags contract for greenfield distilleries

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