Online edition of India's National Newspaper
Friday, August 27, 2004
Rising revenue deficit causes concern
NEW DELHI, AUG. 26.The revenue deficit position of the Government is causing concern in official circles since it has shot up to 61 per cent of annual target in the first quarter of the current financial year. In the corresponding period of last ...
DoT penalises rogue Internet companies
NEW DELHI, AUG. 26. Beginning with three companies, the Department of Telecom (DoT) has started cracking down on Internet service providers (ISP) running illegal telephone exchanges that are eroding the income of legal service providers and ...
Eveready plans joint venture in China
KOLKATA, AUG. 26. Eveready Industries India Ltd (EIIL) is exploring the possibility of setting up a joint venture in China for making batteries, Executive Vice-Chairman and Managing Director, Deepak Khaitan, said. Talking to reporters after the ...
Flextronics takes over FutureSoft
CHENNAI, AUG. 26. Future Software Ltd., a software solution provider for telecom companies, has changed hands and become a fully-owned subsidiary of the Nasdaq-listed U.S.-based Flextronics, perhaps the largest contract maker of electronics ...
Cheapest tractor from SAS Motors
NEW DELHI, AUG. 26.With technology from China, SAS Motors, a privately-held company, today introduced one of India's cheapest tractors with a 22 hp unit priced at Rs. 99,000. The company, for which this is the first initiative in the ...
Easing oil prices buoy Sensex
MUMBAI, AUG. 26. The market continued its upward march for the third consecutive session and the BSE Sensex today shot up by another 47 points at close in response to easing crude oil prices and short-covering on the concluding day of August ...
Rupee stages recovery
MUMBAI, AUG. 26. Overcoming early pressures, the rupee today staged a moderate relief-rally against the U.S. currency on the back of healthy trade inflows and arrested a two-day falling trend. In an otherwise quiet and range-bound trading at ...
Centre raises borrowing limit
NEW DELHI, AUG. 26.In a bid to suck in excess money and contain inflation, the Government today raised the borrowing limit under the Market Stabilisation Scheme to Rs. 80,000 crores. The Finance Ministry raised the limit from Rs. 60,000 crores ...
Berger to merge auto coating unit
KOLKATA, AUG. 26. Berger Paints India is planning to merge its auto and industrial coating division with itself. The company today said its board of directors would meet on August 31 to examine a proposal to this effect. The move was aimed at ...
Indiabulls fixes IPO price band
MUMBAI, AUG. 26.Indiabulls Financial Services is entering the capital market on September 6 with a 100 per cent book building public issue of 2.72 crore equity shares of Rs. 2 each. The issue will close on September 10 and the price band has ...
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