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Plan to allow higher ECB pre-payments
THE Government and the Reserve Bank of India are now considering a policy change to allow higher pre-payment of external commercial borrowings (ECBs). The ECB policy now permits companies to pre-pay up to 10 per cent of outstanding ECBs once ...
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VSNL scrip touches a new low on BSE
THE share price of Videsh Sanchar Nigam Ltd today touched a new low, at Rs 107.15 on the Bombay Stock Exchange before closing at Rs 113.15 per share. The scrip's 52-week low is Rs 111. Reports indicating a possible merger of the public sector ...
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BSE lists out 500 `unknown' cos
EVEN as the Securities and Exchange Board of India (SEBI) is busy tracing out and taking action against vanishing companies, the Bombay Stock Exchange (BSE) has identified a new category of `unknown companies' with over 500 firms in the ...
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12-member task force on indirect taxes
THE Government today constituted a 12-member Task Force for Indirect Taxes, headed by Dr Vijay Kelkar, Advisor to the Finance Minister. Dr Ashok Lahiri , who will shortly be taking charge as the Chief Economic Advisor, will be a member on the ...
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SAB not to poach execs from rivals
IN an unusual strategy, South African Breweries (SAB), the world's second largest brewer, is likely to avoid poaching executives from domestic majors such as United Breweries (UB) and Shaw Wallace & Co (SWC) for its Indian operations. SAB India ...
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Denim is back; jeans rule the racks
LEVI'S, Pepe, Benetton, Lee Cooper, Calvin Klein, DKNY and Gap can heave a collective sigh of relief. The blues are back this season at least for the city-bred, upwardly mobile woman, endorsed by none other than the likes of Madonna and Britney ...
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Indian Hotels set to take over Regent
INDIAN Hotels Company Ltd, which owns the Taj group of hotels, is understood to have agreed to take over the seven-star Regent Hotel, promoted by the Mumbai-based Lokhandvala group. The deal value, including the liabilities, is understood to be ...
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Britannia to buy back at Rs 650
BRITANNIA Industries Ltd on Wednesday announced a buyback of its fully paid-up equity shares at Rs 650 per share aggregating an amount not exceeding Rs 92 crore. The buyback offer will open on September 5 and close on August 5, 2003 or earlier ...
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