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Friday, May 19, 2006
Unprecedented decline in Sensex
CBDT circular among reasons cited for the steep fall of 826 points
Ratan Tata announces small car project in Bengal
Proposes to set up a heavy earth moving equipment unit
Mittal formally launches Arcelor bid
The offer is open until June 29
Tata Steel net profit improves
The company controlled costs despite higher input prices
Panel on bank charges
MUMBAI: The Reserve Bank of India has constituted a working group to formulate a scheme for ensuring reasonableness of bank charges and to incorporate them in the Fair Practices Code. ...
CSE pact with PwC
KOLKATA: The Calcutta Stock Exchange on Thursday formally signed an agreement with Pricewaterhouse- Coopers as advisor to the bourse to complete the process of demutualisation. ...
IRDA on approved investments
MUMBAI: The Insurance Regulatory and Development Authority of India (IRDA) has declared the Hybrid Instruments allowed for capital augmentation by banks as "Approved Investments" for purposes of Sec. 27A and 27B of the Insurance Act, 1938, ...
ATM-cum-debit card for LIC customers
NEW DELHI: The Life Insurance Corporation of India on Thursday launched a prepaid `Annuity Card' to help its policyholders withdraw pension and annuities from UTI ATMs and shop at various outlets in India and abroad. The card will be issued free ...
NEW DELHI: In a bid to improve the competitiveness of agricultural and marine products exports, the Union Government has eliminated a cess that earned the Central Exchequer only Rs. 110 crore annually. The Cess Laws (Repealing and Amending) Bill, ...
Ranipet BHEL declared as independent unit
VELLORE: The Boiler Auxiliaries Plant (BAP) of the Bharat Heavy Electricals Limited, Ranipet, has been formally declared as an independent unit by Ashok K. Puri, Chairman and Managing Director of BHEL, at a function held at the BAP premises ...
Tata Tele's offer on LG handsets
BANGALORE: Tata Teleservices Limited has announced a new offer on Tata Indicom-LG mobile handsets, slashing the entry barrier for its customers. The new scheme eases off the cost pressure on customers to buy stylish colour clamshell handsets, LG ...
BHEL R&D yields 8 p.c. of turnover
NEW DELHI: The Bharat Heavy Electricals Limited (BHEL) has achieved a turnover of Rs 1,151 crore during 2005-06 through products developed by in-house research and development operations. This was eight per cent of its total revenue of Rs. 14,410 ...
IOB raises Rs. 200 cr. through Perpetual bonds
CHENNAI: Indian Overseas Bank (IOB) has raised Rs. 200 crore through the issue of `Perpetual bonds', the second within a span of 45 days. The issue, which opened on May 12, was fully subscribed on May 15, says a bank release. The first issue of ...
Tata Agrico ties up with ITC
KOLKATA: Tata Agrico has entered into a distribution alliance with ITC to market its agricultural implements in rural India through ITC's e-choupal network and the Choupal Sagar network. This will help rural consumers get genuine Tata Agrico ...
Havells India bonus and dividend
MUMBAI: Havells India has recommended an issue of bonus shares in the ratio of one share for every equity share. The company also announced a dividend of Rs. 2.50 per equity share of Rs. 5 each. For the 12 months ended March 31, 2006, the company ...
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