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SAT sets aside SEBI order in UBS Sec case — `No violation of FII regulations'
THE Securities Appellate Tribunal (SAT) today set aside the SEBI order of May 17, 2005 debarring UBS Securities Asia from issuing participatory notes for one year. The two-member tribunal comprising Mr C. Bhattacharya and Mr R.N. Bhardwaj, ...
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Review norms governing co-op credit bodies: PM
THE Prime Minister, Dr Manmohan Singh, today suggested a relook at the regulatory structure under which co-operative credit institutions function to end the "regulatory impasse" that the sector is now facing. "The current regulatory impasse ...
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Bangalore losing out on IT investments, says Chamber
STPI refutes: `More firms set up shop'
IS Bangalore losing its appeal as the preferred investment destination for technology companies? Yes, says the Bangalore Chamber of Industry and Commerce (BCIC), an apex industry body representing the interests of medium and large companies in ...
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Maran cautions TN Govt on infrastructure
THE Communications and IT Minister, Mr Dayanidhi Maran, on Friday cautioned that Chennai would go the Bangalore way, if the Tamil Nadu Government did not learn lessons from the mistakes of other States in not improving ...
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Maruti to roll out diesel cars by end-2006
UPBEAT about the potential of 25 million two-wheeler buyers in the last five years upgrading to cars, Maruti Udyog Ltd (MUL) today said it was all set to tap this opportunity with an aggressive product rollout plan and would launch diesel cars by ...
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RBI to approve opening, closing of bank branches, ATMs on annual basis
THE Reserve Bank of India will now give aggregate approvals on an annual basis for the opening, closing, or shifting of all categories of branches and offices, including ATMs. According to a notification issued by the central bank, the approval ...
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SEBI urges Ministry to tighten disclosure norms for oil finds
OIL and gas exploration companies may no longer find it easy to make tall claims on discoveries and hydrocarbon reserves. The capital market regulator, Securities and Exchange Board of India (SEBI) has asked the Petroleum Ministry to develop a ...
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Tata Steel to go in for Rs 1 lakh-crore capacity expansion
WITH global steel demand expected to touch 1,000 million tonnes in the next 25 years at an annual growth rate of around 3-4 per cent, Tata Steel has firmed up plans to augment its steel making capacity to 33-34 mt per annum (mtpa) by 2015 at an ...
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Oilseed price fall keeps inflation under check
THE annual wholesale price index-based inflation rose 3.01 per cent during the year ended August 27, slowing from the previous week's annual rise of 3.08 per cent. The slowdown in the year-on-year inflation was largely on account of last year's ...
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Raw sugar imports may continue next season — 15 lakh tonnes likely to bridge demand-supply mismatch
RAW sugar imports are likely to continue during the next season beginning October despite projections of a 40 per cent rise in production. According to Cris Infac, raw sugar imports could be equivalent to 15 lakh tonnes (lt) of white sugar and ...
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Ad hoc approach to full-blown fuel crisis
AFTER much procrastination, the Government made a crucial decision to hike the retail price of petrol and diesel while leaving the price of kerosene and LPG intact in a bid to stem the financial haemorrhage of the oil marketing companies. This ...
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