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4 entities issued show cause notices for May 17 stock crash
FOUR entities have been issued show cause notices with regard to their activities on May 17, 2004, which led to the biggest ever single-day crash in the stock market, according to the Union Finance Minister, Mr P. Chidambaram. The names of ...
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Sensex rebounds, gains 53 points
AFTER the beating that the bourses took over the last two trading sessions, value buying helped prop the indices up on Friday. The Sensex regained 53.07 points and the Nifty gained 17.15 points, to close at 6420.46 and 2015.50, ...
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Tata Finance to merge with Tata Motors
THE Tata Group has proposed to merge its non-banking finance company, Tata Finance Ltd with Tata Motors Ltd. The boards of the two companies are slated to meet on January 10 to approve the merger plan, the companies informed stock exchanges ...
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India signs pact to import 7.5 mt LNG from Iran
INDIA on Friday signed a pact to import 7.5 million tonnes of liquefied natural gas (LNG) for 25 years from Iran beginning 2009. "GAIL and Indian Oil Corp have signed an agreement with National Iranian Gas Export Corporation today to import ...
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Jet Airways files IPO draft prospectus with SEBI
JET Airways has finally decided to go public. Kicking off the process, the airline on Friday filed its draft prospectus with the capital market regulator, the Securities and Exchange Board of India , for its IPO. Jet Airways (India) Ltd intends ...
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Naresh Goyal fully owns Jet Airways
MR Naresh Goyal fully owns domestic airline Jet Airways, according to the initial public offer document filed with the Securities and Exchange Board of India (SEBI). The prospectus says that Jet Airways is owned by Tail Winds, an investment ...
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Govt plans pharma index to track prices
TO safeguard against unnatural price hikes of drugs in the post-patent era, the Union Government is looking at the possibility of creating a pharmaceutical price index to track prices. According to senior officials in the Ministry of Chemicals ...
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Dena Bank IPO at Rs 27 a share
MUMBAI: Dena Bank has fixed the price of its IPO at Rs 27 per share (Rs 17 premium) to raise Rs 216 crore through the issue of eight crore shares, to open on January 24. ...
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Expert panel set up to review IT Act
THE Government on Friday announced the formation of an expert committee for an in-depth review of all issues relating to Information Technology Act, 2000 and to consider suitable legislation for data protection (privacy) in the Act. The move to ...
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Baglihar project talks fail; Pak threatens to move World Bank
THE Indo-Pak secretary level talks for ironing out disputes over the 450-MW Baglihar power project failed to reach an agreement on Wednesday with Pakistan threatening to move the World Bank for appointment of neutral experts. India, however, ...
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