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INDUSTRY & ECONOMY
INVESTMENTS
IDBI Flexibonds: Good in parts
IDBI is accessing the market for the first time after the restructuring package was announced. Evidently, it is trying to make the most of the bargain by offering lower coupon rates. The coupon rates are lower than that offered for the ...
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Watch for longer-term instruments
WITH banks and development financial institutions shying away from long-term project finance, the stage seems set for companies that need such finance to access the market directly. There has been a case for such disintermediation for many years ...
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Opel Vectra: Worth the wait
GENERAL Motors' cars are keenly awaited, and on most occasions the wait is worth it. After a hiatus of more than a year, General Motors India (GMI) has brought a new product to the market, and the wait was definitely worth it. Continuing the ...
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Google of Investment
THE Bangalore Stock Exchange has brought out a booklet, The Google of Investment to help the average investor get familiar with various aspects of investing in stocks, mutual funds and insurance. BL Research ...
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Gold coins from ICICI Bank
ICICI Bank is to retail 24-carat gold coins across the counter through its branches. The coins, imported from Switzerland carry a 99.99 per cent Assay certification, signifying the highest level of purity as per international industry standards. ...
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ICICIdirect.com's investor education drive
ICICIdirect.com has launched a customer education drive that will cover major cities and towns over the next two months. The online trading service will advise retail investors on every aspect of the market such as how to read a balance-sheet, ...
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INTERIORS & HOMES
`Shellac needs effective marketing overseas'
EDUCATING global buyers and effective marketing of Indian shellac overseas are the two key elements that have to find full expression in the new shellac export strategy. According to Mr Dipak Chatterjee, Commerce Secretary, Government of ...
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ECONOMY
Bank credit increases by Rs 1,141 crore
BANK credit has increased by Rs 1,141 crore to touch Rs 6,82,390 crore for the fortnight ended November 29, as compared to Rs 6,81,248 in the previous fortnight. Loans and advances to the Union Government increased by Rs 2,057 crore to touch Rs ...
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HEALTH
Apollo kicks off rural tele-healthcare plan
THE Apollo Hospitals Group has established Apollo Telemedicine Networking Foundation, a non-profit company, to spearhead tele-healthcare initiatives in rural areas. The first of these projects is the tele-health unit commissioned on Saturday ...
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POWER
Hydel power generation to get greater thrust
THE Union Government proposes to impart greater thrust on hydel power development by Central utilities, the Power Minister, Mr Anant Geete, has said. With an increased public sector outlay proposed in the Tenth Plan, a capacity addition of ...
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WBSEB takes steps to plug loopholes
NOT very long ago, a special squad of the West Bengal State Electricity Board (WBSEB) raided some premises in the districts. The haul was a cache of transformers - 132 in all - which indicated strongly the existence of a parallel power ...
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NTPC move may hit coal sector investments
THERE is a possibility that fresh investment in the domestic coal mining sector during the Tenth Plan will be pruned. This flows from the National Thermal Power Corporation's (NTPC) latest strategy to defer the implementation of many ...
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PERSONAL PRODUCTS
Is the credit boom hurting FMCG?
FMCG stocks, the last bastion for defensive investors, have been poor performers in 2002. The BSE FMCG Index has shed 11 per cent through the year even as the BSE Sensex made value gains of 3 per cent. Ironical indeed, given that companies in the ...
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CARS
Passenger cars and MUVs: Moving in low gear
CAR MANUFACTURERS are doing a bit of lateral thinking lately. A stagnant market and more manufacturers carving out smaller sections of the passenger car pie have meant designing fresh strategies that sell. And yet, this year too, the ...
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`Growth may be flat this fiscal' — Interview with Hyundai Motor India president, Mr B. V. R. Subbu
Hyundai Motor India (HMI), the wholly-owned subsidiary of the Korean automobile giant, is India's second largest passenger car manufacturer. Unlike the other overseas automobile companies which entered the country during the late 1990s and ...
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No end of road for A-segment
MAJOR small-car manufacturers claim that the A-segment — the entry level, that is — is dying. However, when it comes to absolute sales numbers, this segment , monopolised by the Maruti 800, does not reflect such a claim. Of course, ...
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Drive on, for now
M&M: Hold
Telco: Hold
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SCIENCE & TECHNOLOGY
ISRO hopes Ariane failure won't affect 3A launch
ISRO is keeping fingers crossed that the European Ariane 5 rocket mishap of Wednesday will not affect the launch schedule of Insat 3A. The telecom-cum-weather satellite 3A has been slated for take-off by around February 12, 2003, on an Ariane 5 ...
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DISINVESTMENT
BPCL disinvestment — Who will benefit?
THE shareholders of Bharat Petroleum (BPCL) have every reason to feel aggrieved with the manner in which the government has handled the proposed disinvestment issue. The only gainers of the rather muddled approach of the Government would be ...
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Jindal Strips' bid for Salem Steel soon
JINDAL Strips Ltd (JSL), emerging as the lone bidder for Salem Steel Plant of Steel Authority of India Ltd (SAIL), will submit its formal bid within a month. Mr Ratan Jindal, Vice-Chairman and Managing Director of JSL, said here on Friday that ...
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Divestment panel for 51 pc sale in DCI
THE Disinvestment Commission has recommended strategic sale of 51 per cent Government equity in Dredging Corporation of India (DCI) after withdrawing cash surplus of Rs 280 crore from the company through payment of a special dividend to the ...
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RURAL DEVELOPMENT
Andhra Bank to set up two rural development bodies
ANDHRA Bank is planning to set up two more rural development institutions, one each in Andhra Pradesh and Kerala, aimed at capacity building and training of self-help groups (SHGs) and to help strengthen the micro-finance movement in the country. ...
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EVENTS
Launching a funny missile
The President, Dr A.P.J. Abdul Kalam, at the inauguration of the knowledge connectivity with engineering colleges at the silver jubilee celeberations of Anna University in Chennai on Saturday. Also seen are the Tamil Nadu Governor, Mr P.S. ...
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Italian jewellery expo
A $250,000 Staarno Fratelli diamond necklace on display at a jewellery exhibition by an Italian jeweller in Mumbai.
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