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UTI redeems MIP '97 at Rs 10 per unit -- Shortfall made good from Reserve Fund
UNIT Trust of India (UTI) has redeemed its Monthly Income Plan '97, which matured on Tuesday, at the assured rate of Rs 10 per unit. The country's largest mutual fund is expected to begin despatching redemption cheques to investors in about 10 ...
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You bet, forex is the bigger asset!
IT is common knowledge now that the country's foreign exchange reserves have increased spectacularly over the past decade from $5.83 billion in 1990-91 to $21.69 billion in 1995-96 and $54.11 billion in 2001-02. What is less known, ...
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Oil cos may go in for staggered price hike
WITH global crude prices ruling firm in the $24-25 per barrel band and the Finance Ministry unwilling to reduce excise duties, public sector oil marketing companies are likely to effect a staggered increase in consumer prices of diesel and petrol ...
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Kellogg's Cheez-It is here with Indian touch
IF the competition wrote off Kellogg India as innocuous `small fry' in the biscuits and confectionery market, here's news. Kellogg India Ltd, wholly owned subsidiary of the Kellogg Company of the US, has just quietly soft-launched `Cheez-It', ...
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Powder is the flavour of soft drinks market -- Tang, Sunfill, Rasna, C-Sip, Fruit Kick up the ante
Though only a Rs 90-crore market compared to the Rs 5,000-crore carbonated soft drinks market, powdered soft drinks are seeing unprecedented action this year.
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Batata is now Idea Cellular
CELLULAR services giant Birla-AT&T and Tata (Batata) has christened itself Idea Cellular Ltd. Mr Ratan Tata, Chairman of the Tata group, unveiled the company's new name here on Tuesday. The company's new brand, !dea, will replace the ...
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