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Despite uncertainties, ECBs stay popular
In the first five months of fiscal 2005,companies have borrowed $5.1 billion or the equivalent of Rs 23,000 crore from such lenders. Last fiscal, external borrowings of companies were about $3.5 billion. Interestingly, companies have also ...
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Ministry to make company deposits safer
One of the ideas that the Ministry is otherwise also encouraging is the concept of class action by depositors — where instead of an individual, a group of depositors come together and file an appeal.
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SBI Q2 net rises 9.42 pc on growth in advances
A SIGNIFICANT growth in advances coupled with lower provisioning helped State Bank of India report a 9.42 per cent rise in net profit at Rs 1,081.89 crore for the second quarter ended September 30, 2004, as against Rs 988.78 crore in the year ...
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Forex reserves climb $980 million
THE foreign exchange (forex) reserves have gone up by $980 million for the week ended October 22. It was after a gap of nearly three months that the forex kitty witnessed a substantial accretion in a single week, said a forex analyst. The rise ...
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`India's 24 gems' in Forbes list of rising Asian firms
HERE is some good news for India Inc. Twenty four Indian companies figure among `Asia's Rising Companies' listed by Forbes magazine in its latest issue dated November 1. What is significant is that, in this list, which covers the 100 ...
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Decision deferred on petro price increase
THE Government on Saturday deferred a decision on the issue of raising the retail prices of petrol and diesel prices. A decision is likely to be taken tomorrow. "Further consideration and consultations are required, which will begin tonight. ...
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IA launches `family ticket' scheme
INDIAN Airlines (IA) on Saturday announced the `family ticket' scheme which allows two children below 12 years of age to travel free with their parents. The scheme, which comes into effect from November 1 this year and remains in force till ...
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Bank credit up by Rs 35,113 cr
BANK credit surged by over Rs 35,113 crore to Rs 9,71,018 crore for the fortnight ended October 15, according to RBI data released on Saturday. Non-food credit jumped by Rs 37,792 crore to touch Rs 9,35,058 crore while food credit declined by Rs ...
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Unequal advantage for foreign banks
QUOTE the Finance Minister, Mr P. Chidambaram in Mumbai: Government is open to foreign banks acquiring 10 per cent stake per year in Indian private banks to enable a buy-out in 3 to 4 years. Can the foreign bank effecting the buy-out continue ...
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IDR listing norms soon
FOLLOWING heightened interest from foreign institutional investors to invest in Indian Depository Receipts (IDRs), the Securities and Exchange Board of India is preparing the listing and disclosure norms for IDRs and proposes to announce them ...
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