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Wednesday, December 01, 2004

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Investment decisions — Reliance Energy to consult RIL
The REL board requested the six directors who had resigned to reconsider their decision. More

I believe it reflects the fundamentals: Chidambaram
THE Finance Minister, Mr P. Chidambaram, said on Tuesday that he believed that the current buoyancy in Sensex is reflective of the fundamentals of the economy. "I don't react (on the ups and downs of the market). As long as the Sensex reflects ... More

Sensex at all-time closing high — Gains 77 points buoyed by FII inflows
THE bourses continued their dream run on Tuesday with the Sensex closing at 6,234.29 - its highest closing level ever. Foreign institutional investors continued to buoy the market, providing strong buying support on blue chip scrips. The ... More

SAIL to hike HR prices from today
STEEL Authority of India Ltd (SAIL), the largest domestic steel maker, has decided to increase the prices of various hot-rolled steel products with effect from Wednesday. The net hike in prices of various HR categories of steel would be about Rs ... More

Service tax on goods transport agencies soon: Chidambaram
The rate of service tax on goods transport agencies would be 10.2 per cent. More

Rupee climbs further
Aided by strong foreign investment flows and a weak trend in the dollar, the domestic currency closed at 44.63/64 against the greenback on Tuesday, 17 paise stronger than its previous close of 44.80/81. The rupee has appreciated by 40 paise in ... More

April - Oct fiscal deficit declines
THE Centre has restored a semblance of control on its finances, with the gross fiscal deficit during April-October 2004 at Rs 62,135 crore, being 27.7 per cent lower than the corresponding figure of Rs 85,978 crore for the first seven months of ... More

TCIL defers IPO plans to next year
TELECOMMUNICATIONS Consultants India Ltd (TCIL) said on Tuesday that it has deferred its plans for an initial public offering for the next financial year. The company had earlier said that it was planning the IPO for the current year. Mr G.D. ... More

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