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Sunday, February 01, 2004

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Tariff panel to study palmolein duty differential
DUTY anomaly, inverted tariff structure, negative protection, etc., are seemingly words that are now part of India Inc's everyday lexicon. Notable amongst the `victims' of this phenomenon are domestic vegetable oil refiners, who have pleaded ... More

`IFCI merger with PNB will be a win-win situation'
A DAY after the board approval for IFCI merger and on his last day in office, the Chairman and Managing Director, Mr V.P. Singh, today said that the institution could still turn out to be an asset for Punjab National Bank (PNB) with which it is ... More

Centurion Bank receives first phase of fund infusion
CENTURION Bank has received the first phase of funds through Sabre Capital Worldwide and other investors worth Rs 154 crore and will have the proposed Rs 65-crore rights issue before the end of this financial year as part of its second capital ... More

Corporate India plans big on capex
CALL it the feel good factor or Corporate India's positive outlook on the future demand situation, 27 listed companies have announced capital expenditure plans aggregating to Rs 39,000 crore in January 2004. If one adds the capex plans of ... More

Easier ECB norms come into effect
THE Reserve Bank of India on Saturday notified that the external commercial borrowing (ECB) relaxations recently announced by the Union Government will come into effect from February 1. The ECB limit under the automatic route requiring no prior ... More

Bajaj Auto Q3 net rises 35 pc to Rs 181 cr
BAJAJ Auto Ltd (BAL) today reported a profit after tax of Rs 181.1 crore for the quarter ended December 31, 2003, as against Rs 134 crore achieved in the previous corresponding period. Its sales and income from operations was Rs 1,489.7 crore ... More

`SBI open to acquisitions'
STATE Bank of India (SBI) has an open mind about acquisition of other banks, according to its Managing Director, Mr C. Bhattacharya. Talking to presspersons here on Saturday, Mr Bhattacharya said the bank has already been sounded out in this ... More

New IUC regime from today
THE revised interconnection usage charge (IUC) regime will be in force from Sunday as scheduled despite requests for a postponement by many telecom operators. According to official sources, since the implementation of the IUC has been postponed ... More




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