NATIONAL Govt to cut excise and customs duties on fuel The Government will cut excise and customs duty on petrol, diesel, LPG and kerosene to contain the effect of spike in international crude oil prices, which touched an all time high of $ 47 a barrel.
GTB shareholders not to get money back before 12 yrs In a bad news for shareholders of Global Trust Bank (GTB), its acquirer Oriental Bank of Commerce (OBC) today (Aug 16, 2004) said equity-holders will not get any value for their holdings now and can expect some relief only after 12 years if the troubled bank is left with any surplus value.
BPO: IDC rates Wipro Technologies as world leader Wipro Technologies, the global IT services division of Wipro Limited, has been rated as a leader among offshore service providers by industry analysts, IDC, in a study of 21 offshore players around the world, including APAC, Europe and Latin America.
BSE: Market recovers early losses; ends flat The market recovered its early losses in the concluding thirty minutes and ended flat in an extremely low volume today (Aug 16, 2004) amid soaring crude oil prices and the prevailing high inflation numbers.
Tata Steel acquires Nat Steel of Singapore Tata Iron and Steel Company Ltd has acquired the steel business of Singapore-based Nat Steel Ltd for Rs 1,313 (RPT Rs 1,313) crore.
