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Market mood hit by CMP blues — Sensex plunges 223 points
THE much-awaited common minimum programme (CMP) of the Congress-led United Progressive Alliance was given a thumb-down by the stock market as it failed to give any clear direction that the new Government would follow vis-à-vis the economy in ...
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Domestic entities warned against misuse of double taxation pact — Cess no bitter pill: Chidambaram
On the imposition of cess on central taxes to fund education, Mr Chidambaram said that he did not see it as a ``bitter pill'' and maintained that the doctrine of proportionality would be applied.
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SAIL back in black, posts Rs 2,512-cr full-year net
A BUOYANT market coupled with internal restructuring has helped Steel Authority of India Ltd (SAIL) report a net profit of Rs 2,512 crore for 2003-04 compared with a loss of Rs 304 crore in the previous year. In fact, the company has reported its ...
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SBI net rises 18.55 pc, to pay 110 pc dividend
RIDING high on the back of 18.55 per cent growth in net profit at Rs 3,681 crore in 2003-04 (Rs 3,105 crore in 2002-03), the board of directors of State Bank of India at a meeting here on Friday recommended 110 per cent dividend (Rs 11 per share) ...
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Work on infrastructure, have fabulous future: Immelt
MR Jeffrey Immelt, the Chairman and CEO of General Electric Company, has called for more public investment in infrastructure development in India. "Make infrastructure as good as your people," he said while addressing a meeting of the ...
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CMP — will reforms keep the face smiling?
DESPITE the morose greetings by the bourses in the aftermath of the release of the Common Miniumun Programme (CMP), the United Progressive Alliance (UPA) has passed the first critical test of coalition experiment in the unenviable task of ...
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LSE targets 10 mid-cap Indian cos for listing
THE London Stock Exchange is advising close to 10 mid-cap Indian companies for possible listing on AIM — the bourse's platform for growing companies. The listing proposition is tailored for venture capitalists who are seeking exit option ...
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Political turmoil, stock markets may dent May auto sales
EARLY reports from car and two-wheeler manufacturers and some dealers indicate that political uncertainty and stock market crash may have caused a dent to car and two-wheeler sales during May. According to reports from the industry, political ...
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Dr Reddy's net down 27%; to pay 100 pc
DESPITE recording a growth of 11 per cent in total revenues and five per cent in gross profit for the fiscal ended March 31, 2004, Dr Reddy's Laboratories Ltd has suffered a significant fall of 35 per cent in operating profit and 27 per cent in ...
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ITC net up 16.2%
ITC Ltd has recorded a growth of 16.2 per cent in profit after tax at Rs 1,593 crore in 2003-04 against Rs 1,371 crore for 2002-03. The pre-tax profit has increased by 12.8 per cent to Rs 2,319 crore (Rs 2,056 crore). Net sales for the period ...
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No.1 Sundram Road
THE Chinese officials apparently went all the way to make SFL feel welcome in China. Giving an example, Mr Suresh Krishna said that officials of Haiyan County, where the plant is located, agreed to put up an effluent treatment plant at the ...
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