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Wednesday, April 21, 2004
Tax collections cross target after nine years
NEW DELHI, APRIL 20.Buoyant revenue collections for the last fiscal, 2003-04, will provide a good cushion for the next Government when it finally presents the budget for this year. Tax inflows have risen by 18 per cent, according to provisional ...
South leads in high quality markets study
CHENNAI, APRIL 20.The South has the largest number of towns identified among the top 100 high quality urban markets across the country by a study done by RK Swamy BBDO. Touted as the most definitive source on purchasing power and market ...
My resignation has played a key role, says Munjee
MUMBAI, APRIL 20.The board of directors of Infrastructure Development Finance Corporation today decided not to merge the company with State Bank of India or any other financial institution. However, the board accepted the resignation of Nasser ...
Micheline Apollo Tyres to invest $75 m in new plant
NEW DELHI, APRIL 20.Unveiling its new truck and bus radial tyres for the Indian market, Michelin Apollo Tyres Pvt. Ltd. today announced that the company would make an investment of $75 million at its upcoming plant in Ranjangaon in Maharashtra to ...
RBI caps rates on NRI deposits
MUMBAI, APRIL 20.In line with non-resident (external) (NRE) deposits, the Reserve Bank of India has said that interest rate on fresh repatriable non-resident Indian (NRI) deposits accepted by non-banking financial companies (NBFCs) should not ...
Wockhardt arm in U.S.
MUMBAI, APRIL 20. Wockhardt has planned to establish its own sales and marketing organisation in the U.S. According to Habil Khorakiwala, Chairman, the company is expecting exponential growth in the U.S. business in the next few years. Towards ...
HLL's lead in marine exports
MUMBAI, APRIL 20. Hindustan Lever has become the highest overall marine products exporter and highest value added marine products exporter for 2002-03. This is the third consecutive year that HLL has emerged as the highest exporter, according ...
Ford Ikon to cost more
NEW DLHI, APRIL 20.Ford Motor India plans to hike prices by up to Rs. 19,000 on mid-size car Ikon next month after steep increase in steel prices raised input costs and put pressures on margins. The Ikon Flair would be costly by Rs. ...
Calpers to invest in India
SACRAMENTO, California, APRIL 20. India has passed the investment test of top U.S. pension fund, Calpers, winning an endorsement that is likely to spur more foreign stock buying in the emerging markets. The $165 billion-plus pension fund voted ...
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