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Home -> Finance -> News

NATIONAL
Market gives up early gains, once again ends flat
After the initial price rally, the market later turned weak and once again, ended flat today (Aug 17, 2004) on late profit booking by day-traders and retail investors.

Study Coop banks before depositing money: RBI
Reserve Bank of India (RBI) today (Aug 17, 2004) said investors should study the financial status of co-operative banks before depositing their funds to put pressure on managements to improve their working.

AI to add 2 new flights on Mum-Frankfurt-LA route
Air India will add two more flights on the Mumbai-Frankfurt-Los Angeles route and Mumbai-Delhi-London route from November 2004, Minister of State for Civil Aviation Praful Patel said today (Aug 17, 2004).

Govt will not investigate disinvestment cases
The Government said today (Aug 17, 2004) it had no plans to set up a committee to look into the alleged large scale "irregularities" in sale/disinvestment of public sector firms.

India's exports grow 25.57 per cent in Apr-Jul
India's exports during April-July 2004 grew 25.57 per cent to $ 21931.1 million over $ 17465.8 million recorded in the same period of last year, according to official trade data released today (Aug 17, 2004).

Govt to hike EPF rate if there is surplus fund
Under attack from Left parties for slashing EPF (Employees Provident Fund) rate to 8.5 per cent, Government today (Aug 17, 2004) assured Lok Sabha that it would not hesitate raising the interest rate if there was surplus fund by the end of the financial year.

Wipro heeds to Uma; to explore opportunities in MP
Wipro Chairman Azim Premji today (Aug 17, 2004) assured Madhya Pradesh Chief Miniser Uma Bharti that a team from the IT major would be sent to visit the State to assess the infrastructure facilities before taking a decision to expand its operations there.