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Thursday, March 10, 2005

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Govt may ease norms for ECBs — Curbs on foreign currency convertible bonds to go
THE Government may relax certain norms governing external commercial borrowings (ECBs) to enable Indian companies borrow abroad at lower cost, a senior Finance Ministry official indicated today. Addressing an interactive session on the Foreign ... More

IndusInd Media deal with Swiss co comes under scanner
INDUSIND Media & Communications Ltd (IMCL)has come under the scanner of the regulatory authorities following the company's request to use share subscription money from Swiss investment company, Kudelski SA, for buying conditional access system .. More

Bomb scare at Wipro Tech office in Bangalore; staff evacuated
WIPRO Technologies' office on Mahatma Gandhi Road in the central business district of Bangalore received a bomb scare on Wednesday. The Bangalore Police said it was a hoax call, after which a thorough search of the premises was conducted. ... More

States can exempt traders of turnover up to Rs 10 lakh from VAT
STATES have now been granted the leeway to exempt dealers with gross annual turnover of up to Rs 10 lakh from coming under the value added tax (VAT) net from April 1. This is double the turnover ceiling of Rs 5 lakh that was proposed in the ... More

Pfizer MD quits
THE Pfizer Ltd Managing Director, Mr Hocine Sidi Said, has resigned from the company. The resignation is effective from March 25, the company told the BSE. Mr Sidi Said announced his intention to relinquish his responsibilities from the ... More

Cane war fallout: UP mills doling out `in-kind' sops to growers
ALL major mills in Uttar Pradesh, particularly in the western parts where the corporate war for cane is most intense, are today doling out various in-kind inducements to their growers. Take Mr Shishir Bajaj's Bajaj Hindusthan Ltd (BHL), for ... More

Reliance, HLL lose ground as markets cool off
ENDING a five-day rising trend, key market indices ended Wednesday on a weak note. After a strong trend in the opening session, the sentiment turned weak, pushing the indices to their intra-day lows. Though they bounced off the day's low, they ... More



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