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Saturday, August 14, 2004
Warburg sells stake in Bharti Tele-Ventures
HYDERABAD, AUG. 13. Warburg Pincus, one of the foreign shareholders of Bharti Tele-Ventures, sold $200 million worth shares yesterday (to some blue chip financers), out of its total holding of $1.2 billion worth shares. Terming the sale as ...
Equities drift down further
MUMBAI, AUG. 13. Equities drifted downwards for the third session in a row, pulling the Sensex down by another 37 points at close on the Bombay Stock Exchange here today as the prevailing high inflation rate and international crude oil prices ...
Charges of insider trading in Global Trust
NEW DELHI, AUG. 13.The Bhartiya Janata Party has charged that two crore shares of the collapsed Global Trust Bank (GTB) had been sold through a foreign entity just before the Reserve Bank of India declared a moratorium on the bank on July 24. ...
Reliance Infocomm slashes tariffs
MUMBAI, AUG. 13.In a major boost to its customers on Independence Day, Reliance Infocomm today announced a reduction in pre-paid tariffs by 60 per cent, even as the private telephony major launched a new colour LG handset. Under the new ...
ITI gets a shot at new voting machine
BANGALORE, AUG 13. The Bangalore headquartered telecom equipment maker, ITI, may get a shot at the electronic voting machine market (EVM), if a new prototype in its possession pans out, the company's Chairman and Managing Director, Y. K. Pande, ...
Fixed rate repo
MUMBAI, AUG. 13.The Reserve Bank of India has introduced overnight fixed rate repo at 4.5 per cent with effect from August 16 taking into account the current market situation. The introduction of new repo will be in addition to the existing ...
ITC Hotels merger proposal
MUMBAI, AUG. 13.ITC is planning to merge some of its subsidiaries including ITC Hotels with the company as part of its plans to consolidate business operations. The board will meet on August 25 to consider the proposal to amalgamate Ansal Hotels ...
Trading in NIIT shares
NEW DELHI, AUG. 13.The IT training and solutions company NIIT today said it will start trading on the Bombay and National stock exchanges from Monday. Last month, NIIT shares had gone off the trading list of stock exchanges to facilitate ...
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