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Tuesday, June 22, 2004

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N-power sector may be opened up — Changes to Atomic Energy Act await Cabinet nod
A TOTAL review of the Atomic Energy Act is under way to find out areas where modifications are required to enable private participation, both by Indian or foreign companies, for the construction of nuclear power projects in the country, according ... More

Private capital sought to tap radio isotopes
THE Department of Atomic Energy is seeking private investments in non-power applications of radio isotopes. India has the potential to develop this market, especially in the field of medical diagnostics, said Mr S.C. Hiremath, Chairman and ... More

NTPC files draft prospectus for IPO
NATIONAL Thermal Power Corporation (NTPC), a wholly Government-owned company, today filed the draft prospectus with the Securities and Exchange Board of India (SEBI) for enhancing its equity by 5.25 per cent through an initial public offer (IPO). ... More

Rupee weaker by 25 paise against dollar
AN aggressive bout of dollar buying by oil majors and corporates coupled with arbitrage opportunities available in non-deliverable forwards led to 25 paise drop (0.5 per cent) in the domestic currency on Monday over its previous close. The ... More

Exports log 29.4% growth in May
INDIA'S exports surged by 29.40 per cent during May 2004 at $5.81 billion compared with an export performance of $4.49 billion recorded in the same month during the previous year. The cumulative exports during April-May 2004 increased by 24.80 ... More

L&T disqualified for Kandla port project — `Request for proposal' document norms not met
LARSEN & Toubro, which has been trying to foray into full-fledged port terminal operations, appears to have lost one more chance. Being one of the five companies which had bid for the Rs 200-crore container terminal project at the Kandla port, .. More

PMO mulls raising fertiliser subsidy
THE Prime Ministers' Office (PMO) is examining the possibility of increasing the fertiliser subsidy bill for 2004-05 in consultation with the Ministry of Finance (MoF) and the Department of Fertilisers (DoF), official sources told Business ... More

RBI keen to ensure wide equity base in private banks
THE Reserve Bank of India is toying with the idea of making ownership of private banks more diversified. Currently, an Indian promoter can own up to 49 per cent stake in private banks. There is a school of thought in the central bank that ... More

Work-from-home trend in transcription catching up
GLOBALLY, the transcription industry has a large population of work-from-home employees. However, this trend is yet to catch up in India, though some companies are attempting to tap this section of the talent pool as well. HealthScribe ... More

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