US restores duty-free benefits
IN a move designed to impart dynamism in bilateral relations, the visiting United States Trade Representative (USTR), Mr Robert Zoellick, today announced the decision of the US Government to restore the duty-free benefits under the generalised system of preferences (GSP) to India on 42 products including jewellery, leather and carpets.

IDBI seeks long-term capital infusion
THE Industrial Development Bank of India (IDBI) has discussed with the Ministry of Finance the possibility of a future infusion of long-term funds from the Government by way of a suitable debt instrument to further augment its capital adequacy ratio (CAR ).

HC upholds SAT order on Castrol
THE Bombay High Court today upheld the SEBI Appellate Tribunal's (SAT) order directing BP Amoco to pay Rs 350 per share for acquiring 20 per cent equity in Castrol India.

S&P lowers GIC, arms `pi' ratings
FOLLOWING the downgrade of India's sovereign rating on Tuesday, Standard and Poor's today downgraded the `public information' (pi) ratings of General Insurance Corporation (GIC) and its four subsidiaries.

Ranbaxy completes deal with Eli Lilly
NEW DELHI: Ranbaxy Laboratories Ltd on Wednesday received about $17 million from Eli Lilly, completing the transaction for the divestment of Ranbaxy's 50 per cent stake in the joint-venture company, Eli Lilly Ranbaxy Ltd (ELR).

Rs 1,410 cr devolves at Govt paper auction
MUMBAI: There has been a devolvement of Rs 1,410 crore in the price-based Rs 4,000-crore auction of the 9.81 per cent 2013 paper held on Wednesday.

Bitter `memories' for advertisers
MUKTA Arts' Yaadein debacle at the box office seems to have gotten more than just the film's distributors unhappy.

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