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Tuesday, April 26, 2005

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Plan to hike retirement age to cut EPFO pension liability
TO bring down the Employees' Provident Fund Organisation's (EPFO) pension liability in the long run, the Government is considering the proposal of increasing the retirement age from 58 to 60 for those employees who are members of the Employees' ... More

Chidambaram confident of achieving revenue targets
THE Finance Minister, Mr P. Chidambaram, has expressed confidence over achieving the revenue collection targets for 2005-06. "The revenue targets for the current fiscal are aggressive, but achievable," he told newspersons after releasing the ... More

Aiyar-Chidambaram meet on petroleum price hike inconclusive
THE much-awaited meeting between the Finance Minister, Mr P. Chidambaram, and the Petroleum Minister, Mr Mani Shankar Aiyar, here on Monday to discuss the issue pertaining to hiking the petroleum product prices remained inconclusive. Speaking ... More

Share sale by Reliance Capital sparks dissent
MONDAY marked the beginning of annual results of Reliance companies and sparks were set to fly in the backdrop of the simmering Ambani feud. The board of directors of Reliance Capital Ltd (RCL) that met here today could announce only a Rs ... More

BSNL offer for ILD calls — VSNL loses 5 sectors to Reliance
RELIANCE Infocomm edged out the Tatas-managed Videsh Sanchar Nigam Ltd to emerge as the lowest bidder for carrying Bharat Sanchar Nigam Ltd's international long distance calls in five sectors even as the latter emerged the lowest bidder in the ... More

Jhunjhunwala sells 5.5% stake in Crisil open offer
MR Rakesh Jhunjhunwala, the single largest shareholder in the rating firm Crisil, has sold 5.5 per cent stake to Standard & Poor's in the open offer which closed today. The sale by Mr Jhunjhunwala is significant as he along with his family held . More

Mallya names son Siddharth as successor
IT is official now. The UB Group Chairman, Mr Vijay Mallya, has said that his son, Mr Siddharth, will be his successor, but will have to wait for a few more years to move into the centre stage. On May 8, when his son turns 18, Mr Mallya will ... More

Hyundai Electronics plans Rs 100-cr manufacturing plant
IN a bid to increase its market share in the domestic consumer durables sector, Hyundai Electronics India is planning to set up a manufacturing facility in the country at an investment of Rs 100 crore. "The plant would be coming up in ... More

`Indian Dental Association watching developments on triclosan'
THE Indian Dental Association (IDA) said on Monday that it has not issued any guidance to dentists so far on the `triclosan' issue, which is causing a stir among oral care manufacturers globally. Dr Ashok Dhoble, Honorary Secretary General of ... More

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