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Tuesday, March 30, 2004

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Glitches in ONGC allotment; depository freezes process
THE Government's sale of ONGC shares today ran into an unseemly mess after its issue registrar MCS Ltd apparently goofed up in allotting shares to winning bidders. The National Securities Depository Ltd froze allotment of ONGC shares to ... More

Daewoo Commercial acquisition part of global strategy: Ratan Tata
TATA Motors hopes to leverage the Daewoo Commercial Vehicle Company Ltd (DWCV) acquisition for its global plans in commercial vehicles. Answering a question at the press conference that followed the share handover ceremony, the Chairman, Mr ... More

Rupee gains 40 paise, closes at 44.06
BUOYED by the strong tide of dollar inflows into the country, the domestic currency gained another 40-paise lead over the greenback on Monday, closing at 44.06/07 per dollar in a liquidity-driven forex market. According to market participants, ... More

Allahabad Bank mulls acquisitions in South
THE state-owned Allahabad Bank plans to buy similar public sector or privately owned banks or financial institutions to spur growth in the South, the Chairman and Managing Director, Mr O.N. Singh, has said. The target companies are likely to ... More

Brand Sehwag gets a triple boost
VIRENDRA Sehwag's triple ton on Monday may or may not take the Indian team to a Test win in Pakistan, but it has certainly helped boost the value of Brand Sehwag. The sports company handling the `Butcher of Najafgarh's' commercial endorsements, ... More

Tata Motors vows to turn Daewoo unit profitable
TATA Motors today took an important step towards becoming a global automobile company when it formally acquired control over the $250-million (Rs 1,100 crore) Daewoo Commercial Vehicle Company Ltd (DWCV), South Korea. The shares in DWCV ... More




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