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L&T, Spice Corp, Tech Mahindra in race for Satyam
iGate backs off; board meeting again in Mumbai today. Hyderabad, March 20 As the deadline for filing Expression of Interests ended on Friday, the six-member board of Satyam met here to discuss the EoIs and bidding ...
Gold ETFs’ collections decline, net asset value surges
‘Not many entered the space due to high prices’. Mumbai, March 20 Collections for the five listed gold Exchange Traded Funds have dipped in February over the previous month, though their assets under management (AUM) increased as net ...
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TRAI tightens service quality norms; check on call drops
New Delhi, March 20 The Telecom Regulatory Authority of India (TRAI) has laid down more stringent standards of Quality of Service of Basic Telephone Service and Cellular ...
Essence of an ex-French colony in a Dior bottle
In the rarefied world of luxury perfumes, the Indian influence has historically been heavy like the jasmine top note in a floral ‘pour ...
Logica eyes power sector
Among the bidders for Govt project. Bangalore, March 20 The UK-headquartered IT and business services company Logica is eyeing a share in the Indian power sector pie after the Government announced big-ticket IT investments to ...
Telenor injects Rs 1,250 cr in Unitech Wireless
First tranche of investment. New Delhi, March 20 Norway’s Telenor Group on Friday injected the first tranche of Rs 1,250 crore in Unitech Wireless, for a 33.5 per cent stake. Telenor’s remaining investment of Rs 4,870 crore will be ...
Citibank enters domestic CD markets to raise Rs 500 cr
Funds mobilised at steep coupon rate of 8.25%; more issuances likely. Bangalore/ Mumbai, March 20 In a rare foray, Citibank India hit the domestic money market to raise Rs 500 crore through Certificate of Deposits (CDs). The bank raised ...
The danger of rising economic nationalism
As economies all over the world are going deeper into recession (or at least significant slowdown, as in China and India), economic nationalism is rearing its head everywhere. The hardest hit have been some of the economies that rely ...
Jaguar Land Rover begins cutting management jobs
Initiates voluntary programme to trim workforce by 600. Pune, March 20 Tata Motors’ UK-based subsidiary Jaguar Land Rover (JLR) has initiated a voluntary redundancy programme to cut jobs of 600 of its own salaried employees over the next ...
‘Mustard rates may dip below support price’
Raising duties will protect domestic oilseed growers, says COOIT. New Delhi, March 20 The continuing low import duty regime on edible oils may lead to prices of the rapeseed-mustard crop (currently being harvested) dipping below the ...
Lower offtake hinders CIL’s production plans
Pithead stock increasing by 2 lakh tonnes a day. Inadequate offtake during the peak production months of February and March may have spoiled Coal India Ltd’s production plan during ...
Will AP hand it to the Congress again?
Hyderabad, March 20 Will Andhra Pradesh, which has provided the Congress-led United Progressive Alliance (UPA) MPs and resources to complete its term in office, win big numbers for the country’s oldest party in the coming ...
New tax rule to usher in clarity on TDS credit
Procedure spelt out for persons other than deductees to avail TDS credit. New Delhi, March 20 Tax deducted at source (TDS) credit can now be availed by persons other than the deductees. This has been clearly articulated by the Central Board of ...
Markets this week
The Indian markets opened the week with a positive bias owing to fresh buying in European markets and higher US index futures on hope of early end to the bear phase. Another contributory factor is the positive statement from the Fed ...
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