INTERNATIONAL Hitachi takes over IBM’s HDD unit in $ 2 bn deal Tokyo: Japan's Hitachi Ltd will take over the Hard Disk Drives (HDD) business of US computer giant, International Business Machine (IBM), for $ 2.05 billion, the two companies announced on June 4.
Reliance pays Rs 1,490 cr, completes IPCL take over New Delhi: Reliance on June 4 took over the management control of Indian Petro Chemicals Limited (IPCL), after paying a cheque for Rs 1,490.84 crore to the government for the 26 per cent stake, but dispelled the fear of market abuse due to the group getting virtual monopoly in the petrochemical sector, saying that the products were freely traded.
Govt tightens vigil to check export sops misuse New Delhi: With export sops increasingly being misused, government is tightening inspection of exports and imports from free ports, especially from Dubai, Hong Kong and Singapore
SENSEX steady as Indo-Pak war fears recede Mumbai: The SENSEX opened steady and later moved upwards in line with moderate rally in select key heavyweights at initial stages on the Bombay Stock Exchange (BSE) on June 4 on fresh buying support from speculators.
