Online edition of India's National Newspaper
Tuesday, August 31, 2004
'Pass on the benefits of low cost deposits to customers'
MUMBAI, AUG. 30. The Reserve Bank of India today stated that the persistence of the large gap between lending rates and deposit rates remains a matter of concern. It urged the banks to ensure that the benefits of low cost deposits are passed on ...
Industry views sought on WTO issues
CHENNAI, AUG. 30.Indian industry should come out expeditiously with its response and suggestions on matters relating to the agenda of the World Trade Organisation (WTO) following the Geneva meeting of its General Council as also on issues being ...
Birlas place Will before court
KOLKATA, AUG. 30.The Birlas today placed before the Calcutta High Court what they described as the original of the purported mutual Will of the late M. P. Birla and the late Priyamvada Birla made in 1982 but sought permission to submit notarised ...
L&T Infotech plans China centre
SHANGHAI, AUG. 30.India's leading engineering and construction conglomerate, Larsen and Toubro today said it was planning to set up a software development centre in China and make it a manufacturing base for the global market as part of the ...
Medicine Shoppe to double retail outlets
MUMBAI, AUG. 30.The Medicine Shoppe India, the largest retail pharmacy chain and the Indian arm of The Medicine Shoppe International, is implementing a Rs. 50 crore expansion programme to make it a 500 outlet retail chain by 2009. The company ...
CMC to change business composition
HYDERABAD, AUG. 30. CMC, now part of TCS, is attempting a transformation from `ability to agility', reflecting the desire to shed the working culture and business approach of a public sector company to match the `agility' and business acumen of a ...
State Bank hikes home loan rates
MUMBAI, AUG. 30.State Bank of India today raised the housing loan rates by 25 to 50 basis points with immediate effect. However, there is no change in the floating interest rates. The bank has increased the fixed interest rates up to five years ...
ONGC Videsh acquires oil block
NEW DELHI, AUG. 30. ONGC Videsh Ltd, the overseas arm of state-run Oil and Natural Gas Corporation (ONGC), has acquired a majority interest in an oil block in Australia. "We have acquired 55 per cent interest in Block WA 306 P, located in the ...
Shrinking chips' size
SAN JOSE, CALIFORNIA, AUG. 30. Contradicting fears that the semiconductor industry's pace of development is slowing, Intel Corp. announced it has achieved a milestone in shrinking the size of transistors that will power its next-generation chips. ...
New director for Oriental Bank
NEW DELHI, AUG. 30. H. A. Daruwala has joined Oriental Bank of Commerce as its Executive Director. Mr. Daruwala was General Manager in Union Bank of India before his new appointment, official sources said today. Oriental Bank has also assigned ...
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