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STD calls for Re 1 from March 1
IT is the death of distance as far as telecom is concerned. The One India tariff plan, which will enable you to make STD calls for Re 1 a minute anywhere across the country, is finally here and will become operational from March 1. Local calls ...
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Sun Pharmaceuticals demerges innovative research unit
SUN Pharmaceutical Industries Ltd has demerged its innovative research and development (R&D) into a separate company. Further cushioning of risk, in terms of taking a strategic investor on board the new company, is however not on the ...
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ICICI Bank home loans rate hike from Feb 13
ICICI Bank Ltd, the largest private sector bank in the country, raised interest rates on home loans by 50 basis points, or half a percentage point, effective February 13. Loans at fixed interest rates will cost 9.5 per cent and those at floating ...
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Sensex ends week on a new high
THE stock markets ended the week with another high on Friday with the key BSE-30 Sensex closing at 10,110.97 points, up by 66.15 points from the previous close. The S&P CNX Nifty also reached an all-time high when it closed at 3027.55 points. ...
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NMCC for phased reduction in customs duties, suggests 12.5% VAT on all imports
THE National Manufacturing Competitiveness Council (NMCC) has suggested that import duty reductions should be done in phases so that Indian industry could get time to readjust itself to the trend of low import duties. Significantly, the ...
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STC floats tender to import 5 lakh t wheat
THE State Trading Corporation (STC) on Friday floated a tender to purchase five lakh tonnes of wheat, following the Union Food Ministry's move to import the foodgrain to rein in rising prices. The tender seeks crop of the current season ...
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TCS gets Moody's Baa1 rating — `Downgrade pressure unlikely to emerge in next 12-18 months'
MOODY'S Investors Service has assigned its A3 issuer rating and an indicative foreign currency debt rating of Baa1 to Tata Consultancy Services (TCS). The ratings outlook is stable. This is the first time that Moody's has assigned ratings to TCS, ...
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Merger plan: IOC, IBP awaiting nod from stock exchanges
Boards moot fresh swap ratio of 110:100
IBP, which has taken the worst hit for selling petroleum products below cost, is optimistic about completing its merger procedure by March 2006.
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Savings-linked general insurance plans on cards
THE market could soon see the introduction of a host of savings-linked general insurance products. The National Insurance Academy is designing a series of such innovative products for companies such as General Insurance Corporation of India, UTI ...
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It's now pharma stocks' turn to attract investors
AFTER sugar, tea and engineering sector, it's the pharmaceuticals that is drawing investors' attraction. Stocks led by Cipla Ltd, Dr Reddy's Laboratories, Sun Pharmaceuticals, Matrix Laboratories, Ranbaxy Laboratories and Torrent ...
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Red Hat to leverage India venture to tap West Asia
LINUX and open source provider Red Hat Inc is planning to leverage its Indian operations to address the West Asia market, even as the company awaits the Foreign Investment Promotion Board (FIPB)'s nod to convert the India entity into a ...
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Cheaper manufactured items contain inflation
Wholesale Price Index up at 196.4 points
Rates up for cottonseed (13 pc), raw silk (9 pc) & raw rubber (8 per cent)
Prices down for sunflower (7pc); eggs & fodder (4 per cent)
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La Nina conditions intensifying in the Pacific region
A La Nina event recurs every three to five years; the last one occurred in 2000-2001 and was a weak episode.
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