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Saturday, January 31, 2004

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Nitish promises smoother train rides — New initiatives under way; fares, freight left unchanged
THE Railways has focussed itself on providing hassle-free services to passengers even as it is set to end 2003-04 with a revenue shortfall of Rs 890 crore. The Interim Budget presented by the Union Railways Minister, Mr Nitish Kumar, on Friday ... More

SBI net rises 16.8 pc in Q3
LOWER cost of funds and diversification of loan portfolios have enabled State Bank of India to report a 16.8 per cent growth in net profit at Rs 919.44 crore for the third quarter ended December 31, 2003, as compared to a net profit of Rs 787.05 ... More

Banks await RBI norms to enter stock broking
BANKS are awaiting the Reserve Bank of India guidelines to enter the stock broking business. Senior bank officials said the Union Government was interested in allowing select banks to obtain trading cards in stock exchanges. As of now ... More

IFCI merger with PNB gets board approval
YET another development financial institution (DFI) is set to fade away from the financial horizon with the approval being granted for Punjab National Bank's (PNB) acquisition of the country's oldest term-lending institution, IFCI Ltd. The move ... More

SEBI likely to relax public issue norms for PSUs
IN order to facilitate the disinvestment of government holding in public sector units, the Securities and Exchange Board of India is prepared to heed to a government request and relax the norms of public issues. Mr G.N. Bajpai, Chairman of ... More

PSU insurers may reject some VRS applications
"If the exit of some personnel is injurious to the organisation, we have the option of rejecting them." More

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