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Govt plans to disinvest 5.25 pc stake in NTPC — To ride piggyback on IPO
THE Government is planning to disinvest 5.25 per cent of its equity in National Thermal Power Corporation (NTPC). The sell-off is set to ride piggyback on the ongoing process by NTPC to float an initial public offering (IPO) amounting to 5.25 ...
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RBI draft norms on ownership — Promoters of some pvt banks may have to dilute stake
KOTAK Mahindra Bank, IndusInd Bank, HDFC Bank, Bank of Rajasthan, Bank of Punjab, Dhanalakshmi Bank, and the newly formed Yes Bank are among the private banks in which the promoters have to sacrifice their majority holding, if the RBI goes ahead ...
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Pvt banks' stocks may take a hit
STOCKS of several private sector banks are likely to open weak on Monday, brokers and analysts have said. The RBI draft guidelines on ownership of private sector banks are negative for most of the listed private sector banks, as promoters of ...
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FMCG cos seek to pep up profits thru lower tax bill
PRESSURED by waning pricing power and rising input costs, FMCG companies are looking to pep up their profit growth by pruning their tax bill. Companies such as Dabur, Godrej Consumer, Marico, Colgate-Palmolive India, Cadbury India and ...
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Oil companies asked to undertake kerosene delivery
THE Petroleum Minister, Mr Mani Shankar Aiyer, has asked the oil marketing companies to undertake the responsibility of delivering kerosene to the end-consumer, according to oil industry sources. At a meeting with the heads of the public ...
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Forex reserves dip $525 million
FOREX reserves have plunged by $525 million to $119.407 billion for the week ended June 25, 2004. The drop is due to the fall in the foreign currency assets, which showed a negative growth of $530 million. Forex dealers said the RBI had sold ...
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