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MRTPC blocks bankers' move to fix lending rate floor — Notices being issued to IBA, Govt & RBI
THE efforts of Indian banks to arrive at a loose consensus on industry-wide floor levels on lending rates could come to an abrupt halt with the Monopolies and Restrictive Trade Practices Commission (MRTPC) holding that any such move could amount ...
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SEBI fines CSFB for `short selling' Reliance scrip
The SEBI order comes at a time when there are reports that CSFB is planning re-entry, since the two-year suspension is over.
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Dabur gets first patent for yeast strain
DABUR Research Foundation, part of Dabur Pharma Ltd, has been granted a patent for a strain of yeast, after the Government permitted patenting of micro-organisms in India under the Patents (Second Amendment) Bill, 2002. Speaking to Business ...
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Bharat Forge ties up with FAW Corp to enter China
BHARAT Forge Ltd (BFL) on Thursday announced that it has signed a joint venture contract with FAW Corporation for its forging business to make an entry into the Chinese forgings market. BFL is to hold 52 per cent stake in the company, which is ...
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PC with broadband @ Rs 451 per month
HERE'S some great news for all those who were staying away from taking a broadband connection due to high price of a PC. MTNL has tied up with HCL to offer a PC along with a broadband connection for as low as Rs 451 a month. Consumers also have ...
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Nidhis may be allowed to offer fee-based services
NIDHI companies could soon diversify into insurance broking, agency services and other advisory services if the Ministry of Company Affairs accepts the recommendations of an expert group set up to examine any lacunae in the existing norms ...
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Sasken develops modem for broadband DSL
SASKEN Communication Technologies has developed a modem for broadband DSL, which is being tested by the country's leading telecom operator at various locations. Mr Rajiv Mody, CEO of Sasken, said that the company is exploring various options to ...
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Merrill Lynch ups stake in DSP-ML — To be delisted from BSE
The deal is expected to close in the first half of 2006 and is subject to various regulatory approvals
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Reliance Info to halve IPLC tariffs for full circuits
COMPETITION in the international private leased circuit (IPLC) business in India appears to be hotting up. Reliance Infocomm, which is readying its terabit capacity FALCON network, is believed to have halved IPLC tariffs for "full circuits" in ...
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`BPOs must check infrastructure costs to remain competitive'
INDIAN BPO companies will have to watch out for emerging competition from countries like Brazil, Philippines, Sri Lanka, and even Pakistan and also check the overall infrastructure costs to stay competitive, according to Mr Prem Uppaluru, ...
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Speed - a point in TN's favour
ONE of the factors that weighed in Tamil Nadu's favour when BMW was exploring locations to set up a plant to assemble its premium sedans in the country was the speed at which the official machinery acted. A point that Mr Klaus Berning, ...
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India tops in remittance inflow
INDIA was the largest recipient of remittances in the world at $21.7 billion in 2004, followed by China and Mexico at $21.3 billion and $18.1 billion respectively, according to the World Bank's annual Global Economic Prospects (GEP) report for ...
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Wheat situation dicey; Govt need not be averse to imports
WITH less than 10 million tonnes (mt) of wheat stocks in its warehouses and more than four months to go before procurement begins, tightening stock position has officials concerned. Food managers in the Government find themselves rather ...
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`Fanoos' slows down, but sticks to charted course
THE fluctuating values of the wind shear late on Wednesday night slowed down tropical cyclone Fanoos over southwest Bay of Bengal. But the latest satellite data available on Thursday indicated that they are turning in the cyclone's favour once ...
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