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Saturday, April 16, 2005

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Global meltdown, Infosys sink Sensex by 219 points
TOTTERING under news of the meltdown in global indices, Indian bourses were pushed off the edge by Infosys' bleak guidance for the next quarter. While the Indian exchanges were closed on Thursday, global markets fell by an average of 1.5 per ... More

Credit exposure limit for urban co-ops tightened
THE Reserve Bank of India has tightened the credit exposure norms for urban co-operative banks. The single borrower limit for UCBs has been reduced to 15 per cent from 20 per cent and group borrower limit to 40 per cent from 50 per cent of the ... More

Mittals open to diluting stake in Bharti Tele
IN a bid to fund new projects, the Mittals are open to diluting their stake in telecom company Bharti Tele-ventures Ltd even as they remain single largest shareholder with full management control. Currently, the promoters hold 46.4 per cent of ... More

US judge rules Eli Lilly's patent valid — Dr Reddy's loses case on generic drug trial, to appeal
"Despite today's adverse ruling, our strategy remains unchanged and we continue to make consistent progress towards building a sustainable generics business in the US." More

Passenger car sales rise 18 pc in 2004-05 — Two-wheeler sales up 15.75 pc; CVs 22 pc
HELPED by new launches and improved purchasing power, domestic passenger vehicle sales crossed the one million mark in the last fiscal. Passenger vehicle (including passenger cars, utility vehicles and multi-purpose vehicles) sales grew 17.65 ... More

Inflation rises on costlier fuel, food
THE annual wholesale price index-based inflation rose to 5.26 per cent during the week ended April 2 from the previous week's level of 5.05 per cent. The increase in the year-on-year inflation during the latest reported week was driven by ... More

T.S. Santhanam passes away
MR T.S. Santhanam, son of the founder of the TVS group, the late T.V. Sundram Iyengar, passed away on Friday morning, after a brief illness. He was 92. He is survived by his wife Mrs Padma, two sons, Mr S. Ram, Chairman, Wheels India Ltd; and ... More



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