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High-level team headed for Oman to strike Dabhol dues settlement — May place firm orders for gas purchase
WITH the erstwhile Dabhol project's dues to the Government of Oman threatening to derail fresh gas procurement for restarting operations at the station, the Centre has scheduled the visit of a high-level team to Oman next week to hammer out a ...
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Cipla to raise Rs 882 cr; acquisitions on its radar
ACQUISITION is possibly on the radar for the estimated Rs 2,400-crore drug company Cipla. Cipla has received an in-principle approval from its board of directors to raise about $200 million (an estimated Rs 882 crore) for capacity expansion ...
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Maran wants IT cos to operate from tier-II cities as well — Lays stone for STPI facility in Chennai
SOFTWARE Technology Parks of India (STPI) is expanding into the tier-II cities in Tamil Nadu, as these are emerging as hubs for information technology-enabled services and business process outsourcing. The Union Minister of Communications and ...
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Budget `06: Exporters may get service tax rebate
The Government may also come up with measures to ensure that service tax paid on input services used in the service exports is rebated/refunded.
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Ashok Leyland's reserves set to go up on FCCB conversion
COME March, Ashok Leyland will show a marked increase in its reserves, thanks to the conversion of its `foreign currency convertible bonds' (FCCB) into equity shares. The bonds that were issued in April 2004 could be converted into equity ...
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GAIL-Iran co gas cracker project economically viable: Report
The project is expected be completed in 3-4 years after the joint venture is set up.
In the gas cracker venture, GAIL would be looking at 50 per cent stake.
The project will be based on ethane as feedstock for producing ethylene and downstream polymers.
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Sensex stocks outperform Sensex!
IT may seem paradoxical but Sensex stocks have outperformed the Sensex as it moved from 5,000 to 10,000. Take the case of L&T. Adjusted for stock splits, its shares simply went through the roof, from Rs 78.38 on October 8, 1999 when the Sensex ..
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Penalty reduced on premature closure of POMIS account
THE Union Government on Friday reduced the rate of penalty for premature closure of the 6-year Post Office Monthly Income Scheme. "With a view to rationalising the rates of penalty for premature closure of the 6-year Post Office Monthly Income ...
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