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India Inc posts robust profit growth — Good tidings for steel, banks, textiles, auto
IT has been the second successive year of robust growth in profits for India Inc if the financial performance of the first 300 companies is any indication. Aggregate net sales and aggregate net profit of these companies have grown by 19 per cent ...
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ICAI norms to govern leased assets of banks
LEASED assets of banks will now be governed by the Institute of Chartered Accountants of India (ICAI)'s standard on `impairment' of value under Accounting Standards (AS) 28. In addition to leased assets, a bank's fixed assets would also be ...
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MFs send feelers to regulator for floating `feeders'
THE domestic mutual funds have sought the Securities and Exchange Board of India (SEBI) permission to float `feeder' funds to help domestic investors to invest in global funds. This is to take advantage of the scheme announced recently by the ...
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Roaming charges turn dearer
USING your mobile phone while travelling out of station has become more expensive. Cellular operators using GSM (Global System for Mobile Communications) technology have hiked their roaming tariff by Rs 1.50 per minute from May 1. The hike was ...
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Untimely rains no problem... there's harvester combine
FIRST, it was the abnormal rise in temperatures during March that caused the wheat crop in large parts of northern India to mature 10-15 days in advance. The result - a drop in per hectare yields, ranging from 500 kg to one tonne. Now, it is ...
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Foreign exchange reserves up $287 m
THE country's forex kitty was enhanced by $287 million to touch an all-time high of $117.879 billion for the week ended April 23, against total reserves of $117.592 billion in the previous week, as per the latest RBI statistics. The rise in ...
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