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GM to make India low-cost supply base
THE world's largest car maker, General Motors (GM), plans to develop India as a low-cost manufacturing hub for cars even as capacity constraint in the country is hindering the company's plan to source more auto parts. "I can't see why it ...
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Ministry examining issue raised by Nasscom on tax holiday
THE Finance Ministry is examining the facts of the case taken up by Nasscom in its representation to the Revenue Department on Section 10A of the Income-Tax Act, 1961. Under Section 10A, the profits and gains derived by an undertaking from the ...
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CVC limits purview to bank AGM level
THE Central Vigilance Commission (CVC) has decided to drop from its purview employees of public sector banks holding the designation of Chief Manager and below. From now on, these employees will be answerable to the local `Central Vigilance ...
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Road to polls is filled with utility vehicles
Industry sources said electoral compulsions have led to Governments buying utility vehicles to augment services rendered by the local administration and police forces.
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PTC, Biocon make debut at huge premium
SHARES of Power Trading Corporation and Biocon, which had received good response from the investors in the primary market, today listed at a huge premium to their offer prices. The overwhelming interest of investors in these two stocks was also ...
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Visible change in `complex'ion of ATMs
`SPACE available for ATM', is a familiar signboard in newly set up residential/commercial complexes. Real estate agents call up banks to set up ATMs because the cash-dispensing machine is known to increase traffic to complexes and malls. This ...
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ICICI Bank issue oversubscribed four times on FII bids
THE Rs 3,050-crore ICICI Bank public issue has received an over 400 per cent oversubscription with a majority of the bids coming in from foreign institutional investors (FIIs). FIIs can acquire a maximum of 9.09 crore shares from the total ...
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