Corporate India milking its real estate
`GET the best out of what you already have' appears to be the new corporate mantra. If nothing, at least the way some of the companies have gone about utilising their existing real estate assets, suggest that. In the last one-year, more than 20 ...
RBI bans non-banking entities from accepting fresh NRE deposits
THE Reserve Bank of India has banned entities other than banks and authorised dealers from collecting non-resident external (NRE) deposits with immediate effect. This would affect fresh NRE deposits collection by non-banking financial companies ...
Forex reserves up at $117.59 billion
FOREX kitty was fortified by another $1.532 billion for the week ended April 16, 2004, to touch $117.592 billion, as per the latest RBI statistics. Total reserves were burgeoning at $116.06 billion in the previous week, aided by an ...
Silver imports to resume on price advantage
AFTER a break of about four months, silver imports into the country are slated to resume, say reliable sources in the bullion trade. This follows a small price advantage to importers as the fall in domestic prices has not been as sharp as the ...
Govt mulls hiking turnover levy on Delhi Centaur
THE Government is examining a proposal to increase the turnover levy on the Air India (AI) subsidiary, Hotel Centaur in Delhi, from the existing two per cent to six per cent. Official sources, while confirming that such a proposal was being ...
ICICI Bank, IDBI close to selling SWIL stake
ICICI Bank, IDBI along with other institutions, which took over the management of the copper smelting project of SWIL Ltd more than two years ago, are moving closer to selling their over 50 per cent stake in the company to a prospective investor. ...
Glaxo finally sells Worli plot for Rs 107 cr
PHARMA major GlaxoSmithKline Pharmaceuticals Ltd (GSKPL) has finally sealed the deal for sale of its plot in Worli for Rs 107.6 crore, GSKPL said in a communiqué issued here today. The land was sold to I-Ven Realty Ltd, a joint venture between ...
Corporation Bank Q4 net up 152 pc at Rs 119.5 cr
CORPORATION Bank has registered a 152 per cent growth in net profit for the fourth quarter ended March 31, 2004, aided in part by a reversal of provisions against non-performing assets made earlier. The Mangalore-based lender recorded a net ...
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