Financial Daily from THE HINDU group of publications
Wednesday, April 07, 2004

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`India's external financial position stronger than peers' — Moody's projects 6.5 pc annual growth
PROJECTING a "vibrant growth outlook" for the country, Moody's has said the country's economy is proving to be stronger than its peers enjoying the similar Baa3 foreign currency rating. "The country's external financial position is consistent ... More

Ranbaxy to set up arm in Australia; enter NZ also
AFTER marking its presence in almost all the continents, Ranbaxy Laboratories Ltd will consolidate its operations Down Under next month by setting up a subsidiary in Australia followed by a foray into New Zealand. This initiative will give a ... More

IIM-C resolution on fee cut ready
THE Chairman of the IIM-C governing council, Mr Y.C. Deveshwar, on Tuesday prepared the resolution on the fee reduction, which is expected to be placed before the board of governors shortly. He has agreed to accept the Union HRD Ministry's ... More

Infosys board to consider bonus, stock split
THE board of Infosys Technologies will meet on April 13 to consider the issue of bonus shares and stock split, the company said in a notice to the Bombay Stock Exchange (BSE). The company will also announce its fourth quarter and annual ... More

MTNL again puts off VRS; cold response to VSNL offer
MAHANAGAR Telephone Nigam Ltd (MTNL) on Monday postponed its voluntary retirement scheme (VRS) for the second time in 12 months, even as Videsh Sanchar Nigam's recent VRS, the second after the Tatas assumed ownership, has failed to fetch even ... More

Ucal to hold talks with Escorts Auto on stake buy
THE board of directors of Ucal Fuel Systems has authorised the company's executives to hold discussions with the owners of Escorts Auto Components Ltd (Yamaha of Japan), for acquiring a majority stake in the company. Ucal officials told ... More

Zuari Ind gets Rs 66-cr I-T notice
ZUARI Industries Ltd has informed the BSE that the company has received Notice of Demand under Section 156 of the Income Tax Act, 1961 in a sum of Rs 66.02 crore for the assessment year 2001-2002. The company said it has decided to file an ... More

Zee Tele, Citicorp proposals among 34 FDIs cleared
THE Government on Tuesday cleared Zee Telefilms' proposal to issue Foreign Currency Convertible Bonds (FCCB) worth Rs 480 crore to British Virgin Island-based Delgrada Ltd and Mauritius-based Wakefield Holdings Ltd. A total of 34 foreign direct ... More

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