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Domestic air fares to go up 10 pc
FLYING within the country will cost more from October 14. Faced with the continuing northward movement in global oil prices, most domestic airlines plan to impose an across-the-board 10 per cent hike in domestic fares from October 14. While the ...
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NTPC issue sold out in 20 minutes
THE IPO of 10.5 per cent equity in the Government-owned NTPC was sold out within 20 minutes of the issue opening today, merchant banking sources said. According to data available on the BSE till 8 p.m. on Thursday, investors had placed ...
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Indirect tax collections up 9.5% in first half
EXCISE and customs duty collection of the Central Government surged by 9.5 per cent in the first six months of the current fiscal to Rs 69,611 crore, against Rs 63,576 crore achieved in the same period last year. While excise mop-up for the ...
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Reuters bets big on Bangalore unit
WITH the official opening of the finance business data centre of global news provider Reuters, a new avenue of outsourcing has opened for India. However certain challenges such as wage inflation, retention and training costs coupled with poor ...
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Decision deferred on changes in Press Note 18
THE Committee of Secretaries (CoS) headed by the Cabinet Secretary, Mr B.K. Chaturvedi, on Thursday couldn't reach a consensus on the future of the controversial Press Note 18 applicable to the Indian joint venture companies having foreign ...
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Barclays Capital to underwrite Rs 2,400-cr Essar Steel debt
ESSAR Steel's financiers are putting together a package under which Barclays Capital will underwrite new securities that will have as their underlying the entire Rs 2,400-crore debt of the steel-maker. According to an institutional source, the ...
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DTH players divided over compulsory sharing
PRASAR Bharati has not allowed the Subhash Chandra-promoted direct-to-home (DTH) platform to carry the signals of Doordarshan, which holds the exclusive rights to the Australia-India series. Dish TV, in turn, has asked its subscribers to tune ...
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Markets reverse direction with handsome gains
AFTER the breather over the last few days, the benchmark indices continued its upward trend on Thursday. Soaring oil prices does not appear to have dampened the positive sentiment as the 30-stock index BSE Sensex rose 59.91 points (1.05 per ...
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