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ONGC offer opens in style — Oversubscribed 2 times on first day
THE sale of 10 per cent of ONGC shares — the largest-ever public issue in the country — was fully subscribed within 10 minutes of the opening of the offer. Unconfirmed reports said legendary investor Mr Warren Buffet put in large ...
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ONGC public offer: `A good deal for retail'
WITH institutional investors lapping up the ONGC stock within minutes of the issue hitting the market, a highly elated Government feels that retail investors should now see value in the scrip and subscribe to the offer for making it a grand ...
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FDI cap hike to 74 pc in pvt banks notified
THE foreign direct investment (FDI) cap in private banks has been raised to 74 per cent under the automatic route from the existing 49 per cent. The guidelines notified today by the Department of Industrial Policy and Promotion (DIPP) has, ...
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Foreign banks allowed 100 pc subsidiaries
THE Government has stipulated that foreign banks can set up 100 per cent subsidiaries in India. It has also allowed takeovers by foreign banks by permitting acquisition of up to 74 per cent stake in existing private bank to set up a ...
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It's mind over matter that matters now
The new market situation requires a higher order processing by the human brain.
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Refrigerator prices to stay `cool' despite fluctuations in steel cost
THIS summer may not see much hike in the price of your refrigerator if the fluctuation in the costs of inputs can be kept at bay. According to the Consumer Electronics & TV Manufacturers' Association (CETMA), in view of the reduction in steel ..
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Dredging Corpn cut-off price fixed at Rs 400
THE Government on Friday fixed a cut-off price of Rs 400 per share for the sale of its 20 per cent equity constituting 56 lakh shares in Dredging Corporation of India (DCI), garnering Rs 221 crore from the issue. Among the applicants, retail ...
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Domestic revenues for software cos still low
EARLY December last year, Mr N.R. Narayana Murthy, Chief Mentor, Infosys Technologies, stated that it was time the software industry started taking note of the potential of the domestic market. Ironically, the quarter ending December 2003 ...
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Tourism industry buoyancy `to continue'
THE travel industry in India is buoyant with domestic and outbound tourism set to rise in the coming months. Besides growth, the industry is also going through structural changes such as tour operators spreading their risk, Incredible India ...
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