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Saturday, July 31, 2004
Centre going ahead with NTPC disinvestment
NEW DELHI, JULY 30.Despite opposition from the Left parties, the Union Government is going ahead with the 5.25 per cent disinvestment of its equity in National Thermal Power Corporation (NTPC). The draft prospectus for the disinvestment is ...
`No need to change inflation outlook'
MUMBAI, JULY 30.The Reserve Bank of India Deputy Governor, Rakesh Mohan, today said the central bank closely watching the inflation trend and felt that there was no need to change the inflation outlook of around 5 per cent mentioned in the annual ...
ECS facility relaxed for GTB account holders
MUMBAI, JULY 30. With Global Trust Bank under moratorium, SEBI today asked companies to pay dividends and interest through warrants to investors, who have opted for electronics clearing facility through GTB, without printing account details on ...
U.S. imposes anti-dumping duty on Indian shrimps
WASHINGTON, JULY 30.The U.S. has imposed taxes ranging between 3.56 and 27.49 per cent on shrimp imports from India in the second phase of a probe into the petition alleging `dumping' at low prices.
Inflation an area of concern, says Munjal
CHENNAI, JULY 30. The emerging situation in respect of inflation is an area of concern, according to Sunil Kant Munjal, the newly-elected President of the Confederation of Indian Industry (CII). "Inflation will happen this year, and its extent ...
Auto stocks lead rally
MUMBAI, JULY 30. Led by the auto sector, stocks continued their upward march for the second straight day lifting Sensex by another 50 points at close on the Bombay Stock Exchange today on sustained purchases by foreign institutional investors ...
Ranbaxy first quarter net declines
Ranbaxy Laboratories has registered a net profit of Rs. 184.95 crores for the quarter ended June 30, 2004 against Rs. 196.78 crores in the corresponding quarter ended June 30, 2003. Total income (net of excise) has increased to Rs. 977.30 crores ...
PNB opens branch in Kabul
NEW DELHI, JULY 30. Expanding its overseas footprint, Punjab National Bank has opened a branch in Kabul and will upgrade its Alamaty office into banking subsidiary besides setting up representative offices in Shanghai and Dubai. The bank already ...
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