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Luxembourg SE emerges top draw for India Inc
FOR Indian Inc, the Luxembourg Stock Exchange saw as many as 24 firms raising over $1 billion through GDRs and FCCBs, making it the most preferred destination to raise funds in 2005. The highest number of foreign companies at the Luxembourg ...
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IMD redemption: SBI unlikely to face exchange rate burden
GIVEN the current rupee-dollar rates, SBI seems to be fairly assured of safe sailing with respect to any major additional burden on its India Millennium Deposit (IMD) scheme due to exchange rate fluctuations. On Friday the rupee was at 45.34 ...
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Ad industry smiles as revenues rise 14 pc
IT has been a sparkling year for the advertising industry. Overall ad revenues during 2005 grew by 14.1 per cent to Rs 13,200 crore up from last year's Rs 11,600 crore. According to the advertising tracking agency, AdEx India, for a second ...
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Rains hamper rabi rice, cereals sowing
HEAVY rains in South India have come as a dampener to rabi sowing, affecting coverage of rice, groundnut and coarse cereals. According to the Ministry of Agriculture, seven of the 36 meteorological sub-divisions in the country have received ...
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Centre, States may explore VAT rate hike to offset CST losses
THE Centre and the States may explore the possibility of a slight increase in certain VAT rates to offset the losses arising from Central sales tax (CST) phase-out. This was one of the proposals that came up for discussion during the meeting ...
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`Automated software to revolutionise BPO sector'
IMAGINE clarifying your mobile rate plan or bill without being put on hold. Or filling up a form online while chatting. Automated software and SIP-based applications will change the way information is exchanged between users and providers. ...
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H-P reviewing staff security systems
IN a statement issued to the media on Sunday, Hewlett Packard has clarified its stand on the murder of its employee Ms Pratibha Srikantamurthy. Mr Amit Sircar, Communications and Customer Operations, Global Delivery Operations Services, said, ...
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Another buoyant week likely
DALAL Street garnered enough liquidity last week to raise the benchmark indices. This week, local equities are likely to end on a buoyant note, as the market makers appear determined to keep the Sensex flag flying. According to market ...
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NMDC research finds commercial scope for kimberlite
DID you know that to scoop up two grams (10 carats) of precious diamonds, nearly 100 tonnes of kimberlite (the rock containing diamonds) need to be dug up? While the diamonds fetch a handsome price, the scooped up kimberlite rock, after ...
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Growing risk of phishing attacks
AS users gain experience, their comfort level with buying online increases. This is particularly perceptible prior to a holiday season and during the offer season. A good number of these tech-savvy buyers unwittingly fall a prey to phishing ...
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Personal care products set for robust growth, says FICCI
WITH the FMCG industry poised for 8 to 8.5 per cent growth in 2005-06, a survey released by the Federation of Indian Chambers of Commerce and Industry (FICCI) reveals that 12 personal care products would continue to register growth rates that ...
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Bay system moves parallel to coast
FRIDAY'S depression over southwest Bay of Bengal beat projections to intensify and become a deep depression on Saturday over southwest Bay of Bengal. A numbered tropical storm 07B on Sunday, it lay centred about 350 km southeast of ...
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Travel insurance going places
TRAVEL insurance is growing in terms of volume though insurance companies say their profits are under pressure due to severe competition. Leading insurers say the business has been growing at an average rate of 25 per cent per annum, though ...
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