NATIONAL Citigroup raises e-Serve offer price to Rs 975 Citigroup has raised its offer to purchase shares of e-Serve International Ltd, an IT-enabled services company, to Rs 975 per share from the earlier offer of Rs 800 per share.
Maruti slashes Zen, Wagon-R prices by up to Rs 9,000 India's largest car maker Maruti Udyog Ltd today (Aug 23, 2004) has slashed prices of compact car segment Zen and Wagon-R by up to Rs 9,000 on all models in a bid to garner larger market share.
S&P revises outlook for India's currency rating Revising the outlook on India's long-term foreign currency and local currency ratings, Standard & Poor's Ratings Services today (Aug 23, 2004) warned that the local currency rating could be lowered if the fiscal deficit remains large and the debt burden continues to grow.
BSE: Sensex dips by 31 pts due to steel price cut Led by Tata Steel, select counters suffered a fresh setback pushing the Sensex down by 31 points at close in an otherwise erratic movements at the Bombay Stock Exchange (BSE) today (Aug 23, 2004) on short-covering alternated by selling pressure from operators.
GTB depositors to get loans at cheaper rates: OBC In a move that could provide succour to existing customers of troubled Global Trust Bank (GTB), its acquirer Oriental Bank of Commerce (OBC) said today (Aug 23, 2004) that lending rates would eventually come down in line with the PSU bank.
Banking services likely to be paralysed tomorrow Banking services throughout the country is likely to be paralysed tomorrow (Aug 24, 2004) following a day's strike called by United Forum of Bank Unions (UFBU), the umbrella organisation of nine banking unions, to protest the "negative attitude of the Indian Banks Association (IBA) and Central Government" towards the 8th Bipartite Settlement for wage revision.
Sharad Pawar denies that WTO was a sell out to West Agriculture Minister Sharad Pawar today (Aug 23, 2004) denied that the Ministry was unhappy with the WTO (World Trade Organisation) Framework Agreement and maintained that he had not written any note to the Prime Minister which said India's interests had been sold out to the West.
