Raymond exiting steel To sell holding in EBG India to German partner
RAYMOND Ltd is exiting the steel sector. It is selling off its 16.4 per cent stake in electrical and mild steel products manufacturing company, EBG India Pvt Ltd (EIPL), to its German partners, ThyssenKrupp Electrical Steel EBG GmbH (TKES). EBG ...
Wipro `undertaking' in question
HOW does one define "undertaking"? This is what lies at the heart of recent tax demand slapped on Wipro. The word "undertaking" is important because Sec 10A of the Income-Tax Act speaks of "profits and gains as are derived by an undertaking", ...
Is there `real' demand for industrial credit?
BANK credit has been rising steadily over the past couple of months and yet bankers and analysts are divided on whether it is indicative of any `real' pick-up in industrial credit. While on the one hand top bankers have been talking about ...
Stocks set a scorching pace
INVESTORS in Indian equity markets may share those sentiments fully for India was the place to be in 2003-04. The Indian equity markets outperformed most of the other major global markets in this period. More than 900 stocks registered a ...
IIMA not to implement fee cut for new batch
THE Indian Institute of Management, Ahmedabad (IIMA), will not be implementing the fee cut for the new batch of Post-Graduate Programme students, which would begin the first semester on June 26. This was stated by Mr N.R. Narayana Murthy, ...
Forex reserves up $319 m
THE country's forex reserves have increased by $319 million to touch $110.317 billion for the week ended March 26, 2004, as against $109.996 billion in the previous week, as per the latest RBI statistics. Forex analysts ascribed the rise in ...
FIIs set to emerge largest bidders in ICICI Bank issue
FOREIGN Institutional Investors (FIIs) are all set to once again emerge as the largest subscribers in the over Rs 3,000-crore public issue of ICICI Bank as they have bid for almost 60 per cent of the total bids received on the first day of the ...
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