Financial Daily from THE HINDU group of publications
Tuesday, August 17, 2004

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Tatas make Rs 1,313-cr bid for Singapore's NatSteel
TATA Steel today pole-vaulted into the global steel manufacturing arena with the acquisition of the steel businesses of NatSteel Ltd for S$486.4 million or Rs 1,313 crore. The company said that it has signed the definitive agreements with ... More

Double benefit for Tata Steel
TATA Steel's agreement to acquire the steel businesses of the Singapore-based NatSteel is aimed at putting its globalisation initiative in motion. If this acquisition goes through over the next 5-6 months, Tata Steel will stand to gain in two ... More

Attempt to tap long steel product market
THE developing world's appetite for long steel products is probably what Tata Steel seeks to capture with its acquisition of the steel business of NatSteel, industry representatives and equity analysts say. In acquiring NatSteel's steel ... More

Merger of strong PSU banks `very soon'
In what could spark off a complete overhaul of the banking structure in the country, the Government appears to be working on catalysing the first merger between two strong public sector banks. Senior Finance Ministry officials said that an ... More

HDFC to sell 50 pc in Intelenet to Barclays Bank
HDFC today announced that it would be selling 50 per cent stake in its BPO venture, Intelenet Global Services, to Barclays Bank Plc for Rs 164 crore, subject to regulatory approvals. It was less than a month ago — on July 21 — that ... More

Govt plans cut in petrol, diesel duties
THE Government is considering slashing customs and excise duties on various petro-products as part of its efforts to minimise the impact of soaring international crude prices on the consumer and domestic oil companies. While the excise duty on ... More

Banks cast the net for agri officers
Some banks are picking up agri graduates from the campus on a contract basis and some others on an experimental basis for 3 to 6 months. More

One step closer to T+1 settlement — Banks can use RTGS for customer deals
THE Reserve Bank of India has said that the Real Time Gross Settlement system has been enabled for `Straight Through Processing' at the bank's end for putting through customer transactions. This will enable banks to directly credit the ... More

Engg goods, jewellery boost exports
THE 20.36 per cent export growth in dollar terms achieved in 2003-04 was largely due to the relatively robust performance by traditional merchandise goods such as engineering goods, gems and jewellery, chemicals and ... More

Sensex ends flat after late recovery
DESPITE buying interest during the last hour of trading, the Sensex closed the first trading day of the week a tad lower. The 30-stock index was marginally down by 0.55 points (0.01 per cent). Sensex opened at 5105.26 points, marginally higher ... More

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