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MF scheme mergers leave investors with tax burden
MERGERS of mutual fund schemes are leaving investors with the burden of capital gains tax. With the industry expected to consolidate further, investors are worried about the unanticipated tax outflow that they would be forced to pay. Unit ...
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Higher inflation sends bond prices crashing
BOND prices crashed by up to Rs 2 across most maturities as fears of rising interest rates were compounded by the unexpectedly high inflation rate of 5.89 per cent reported on Friday. This triggered a panic-driven sell off with most market ...
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UB group plans low-cost airline by year-end: Mallya
THE Kingfisher brand is to take to the skies shortly. The Chairman of the UB Group, Mr Vijay Mallya said on Friday that the group would be launching a low-cost airline to be branded `Kingfisher' by the year-end. "We plan to launch a low-cost ...
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Tatas launch sub-Rs 1,000 indiOne hotel
A HUNDRED years after setting up the country's first luxury hotel, the Indian Hotels Company Ltd, today launched `indiOne', India's first `no attitude' hotel with tariff under Rs 1,000. The Chairman of Indian Hotels Company, Mr Ratan N. Tata, ...
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Coke India's operational structure still uncertain
EVEN as the uncertainty over the future operational structure of Coca-Cola in India continues, an independent investigation by Business Line reveals that corporate investors hold a major chunk of the 49 per cent share in Hindustan ...
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SAIL, Tata Steel ties strained over Metaljunction portal
TENSION seems to be brewing up between the two largest steel producers in the country, namely, the Steel Authority of India Ltd (SAIL) and Tata Steel , over their Internet joint venture - Metaljunction Private Ltd - a steel-trading ...
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Mirchandani quits Weekender; to head S. Kumars' Reid & Taylor
THE Jagadish Hinduja-promoted Weekender will see a change of guard at the top with Mr Govind Mirchandani leaving the company to head Reid & Taylor, part of the S. Kumars Group. Reid & Taylor, a Rs 175-crore lifestyle suitings business, is ...
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Hutch acquires Aircel in all-cash deal
HUTCHISON Essar on Friday announced that it has acquired the cellular operations of Aircel from Sterling Infotech Ltd. A company release did not disclose the price of the acquisition. Market sources put the figure at Rs 1,600 crore, making it ...
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IHT issue: Govt seeking to give teeth to 1955 Cabinet resolution
IN the wake of the controversy surrounding the publication of the International Herald Tribune (IHT) in India, the Government may consider coming up with a legislation to give statutory status to the 1955 Cabinet Resolution and the ...
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