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Sensex up 76 points on divestment hopes
STOCKS of public sector units (PSUs) led a rally on the major bourses on Friday with the Government indicating that it would go ahead with the disinvestment process, particularly that of the two oil majors, Hindustan Petroleum Corporation Ltd and ...
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Payments to Govt officials — `Xerox pay-offs thru staff, dealers'
The auditors have reported that during fiscal 2001, the company wrote off/adjusted Rs 81.74 lakh as due from former employees.
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Provision for debts pulls NIIT into the red
COMPUTER trainer and software developer NIIT has incurred a net loss of Rs 19.2 crore for the year October 2001-September 2002 as against a net profit of Rs 71 crore in the previous year mainly due to a Rs 28.6 crore provision for doubtful debts. ...
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United India chief tipped for IRDA chairman's post
A RACE for the chairmanship of the Insurance Regulatory Development Authority (IRDA) is building up and Mr V. Jagannathan, Chairman and Managing Director of United India Insurance Company Ltd (UIICL), has emerged as a strong contender. Sources ...
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Mother Dairy to table butter, make it hot for Amul
AFTER `regular' liquid milk, ice-cream, dahi (yoghurt) and flavoured milk, Mother Dairy Foods Processing Ltd (MDFPL) is now all set to enter the table butter segment. The Rs 950-crore wholly-owned subsidiary of the National Dairy ...
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Swiss in no mood to bare numbered a/cs
THE Chairman of a top Swiss bank is sweating. The Nigerian Finance Minister has just pulled out a pistol and is threatening to shoot him if he did not reveal the names of Nigerians holding accounts in his bank. But the chairman does not buckle ...
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Parent to buy 49 pc Atlas Copco shares
ATLAS Copco AB on Friday informed the Bombay Stock Exchange of its intention to voluntarily acquire 49.01 per cent of outstanding shares aggregating to 55,28,844 equity shares of its Indian subsidiary, Atlas Copco (India) Ltd, from the ...
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Kodak cash offer for balance stake in Indian arm
JM Morgan Stanley has informed the Bombay Stock Exchange that Kodak Ltd and Eastman Kodak Company are now making a final cash offer to purchase the outstanding public shareholding of Kodak India Ltd at Rs 350 per share payable in cash. The ...
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