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Thursday, September 30, 2004
ONGC to get bonanza from high world oil prices
NEW DELHI, SEPT. 29. Soaring world oil prices will give the Oil and Natural Gas Corporation (ONGC) a temporary bonanza as it is now getting import parity prices for domestic production of crude oil. According to ONGC Chairman and Managing ...
Centre issues special securities to bail out IDBI
NEW DELHI, SEPT. 29.The Government has issued special securities worth Rs. 9,000 crores for the creation of a `Stressed Assets Stabilisation Fund' to address the problem of bad loans extended by the Industrial Development Bank of India (IDBI). ...
Microsoft's new system to drive PC usage
NEW DELHI, SEPT. 29.Aimed at making computer more affordable and within the reach of common man, Microsoft today unveiled its low-cost Windows XP Starter Edition operating system in Hindi specifically designed for first-time home PC users. The ...
Etihad Airways launches India operations
MUMBAI, SEPT. 29. Etihad Airways, the national airline of the United Arab Emirates (UAE), today announced the launch of its India operations with its first route in the country. The first scheduled flight between Abu Dhabi and Mumbai took off on ...
FDI rules relaxed
NEW DELHI, SEPT. 29. The Union Government has further liberalised the procedures for foreign direct investment by placing conversion of external commercial borrowings (ECBs) or loan into equity under the automatic route against the existing FIPB ...
VSNL's global calling card
MUMBAI, SEPT. 29. Videsh Sanchar Nigam Ltd. (VSNL) today announced the launch of Tata Indicom `Global Calling Card', a voice product catering to the communication needs of Indian overseas travellers. The product will allow Indians travelling ...
More time for UCBs
MUMBAI, SEPT. 29. Following requests from urban co-operative banks (UCBs), the Reserve Bank of India has decided to provide additional time to make provisions for non-performing assets in their balance sheets. Additional provisioning may be ...
Higher cotton output likely
COIMBATORE: It is expected that the total cotton production in 2004-05 will be higher than last year by about 8 per cent. Small arrivals have already started in a few centres in Gujarat, Punjab, Haryana, Rajasthan and Madhya Pradesh. Speaking ...
Plea to restore DEPB rates
COIMBATORE: The Southern India Mills' Association (SIMA) has said that the feel good factor of the textile industry following the special package announced by the Union Finance Minister in the Budget 2004-05 was blunted following the cut in the ...
Mixer grinder from Santha Industrials
COIMBATORE: The Coimbatore-based Santha Industrials, manufacturers of a range of granite based food grinder systems, has launched its mixer grinder. According to the Managing Director of the company, Deepa Sriram, though the product has been ...
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