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Markets waiting with bated breath — Sensex ends on positive note, gains 32 points
ELECTIONS 2004, anticipated by many as an easy win for the NDA a month ago, has evolved into a thriller with a nail-biting end. The financial markets are hardly breathing, in anticipation. Market players and industry watchers, usually eager to ...
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Expert group likely on bank voting cap issue
THE Ministry of Finance is set to shoulder arms to the Reserve Bank of India's late swinging delivery proposing to retain the 10-per cent voting right cap on for foreign shareholding in Indian private sector banks. Fearing that the proposal ...
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RBI mulls blanket approval to cos for commodity hedging
THE Reserve Bank of India is understood to be considering a proposal to grant blanket approval to Indian companies having exposure in commodities to freely hedge in the international exchanges. Currently, companies do take permission on a ...
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SIDBI seeks RBI nod to become a partial bank
THE Small Industries Development Bank of India (SIDBI) has applied to the Reserve Bank of India to convert itself into a bank in a limited manner. The Finance Ministry, SIDBI said, has already given its approval. "In addition to term loans, we ...
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Industrial growth at 8-yr high in 2003-04
THE NDA Government can end its tenure with satisfaction that the country's industrial output registered an increase of 6.9 per cent during 2003-04, making it the best ever growth performance in the last eight years. Just for the record, the ...
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Earnings improve in March quarter
THE financial performance of the 1,000 companies that have declared results for the January-March quarter has left corporate India beaming. Aggregate total income and aggregate post-tax profit of these companies grew by 21 per cent and 36 per ...
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