NATIONAL NTPC cut-off price at Rs 62, to mop up 5368 cr National Thermal Power Corporation (NTPC) today (Oct 15, 2004) announced the cut-off price at Rs 62 a share for its public offer of 86.58 crore share, garnering Rs 5,368 crore.
Market dips by 26 points on signs of petro price hike After a brief overnight rally, the market once again turned weak ending down by 26 points as domestic investors reacted negatively to the possibility of a hike in prices of petrol and diesel.
Exports exceed annual target, rise at 23.39 pc On the back of nearly 8 per cent industrial growth, India's exports recorded an impressive 24.39 per cent growth in the first half of the current fiscal far exceeding the annual growth target of 18 per cent.
Fin Min irked by tax figures as India Inc goofs up A goof up by companies in filing corporate tax after the introduction of a single challan system depressed the collection figures and irked Finance Ministry, which was fast to detect the mistake running into Rs 6,120 crore.
Bharti launches mobile services in Bengal, Sikkim Bharti Cellular Limited (BCL), a subsidiary of Bharti Televentures, today (Oct 15, 2004) launched its Airtel mobile services in the West Bengal telecom circle, earmarking an investment of Rs 100 crore in the region during the current fiscal (2004-05).
CCEA may slash customs duty on petrol and diesel The Cabinet Committee on Economic Affairs (CCEA) may consider slashing customs duty on petrol and diesel from 15 per cent to 10 per cent besides exempting kerosene and LPG from excise levy as part of efforts to spare consumers from the impact of spurt in global crude prices.
Govt working on increasing FDI cap in telecom: Maran Citing the need for an additional investment of Rs 1.60 lakh crore for the telecom sector, Union IT and Communications Minister Dayanidhi Maran today (Oct 15, 2004) said the Government is currently working out the modalities of increasing the FDI cap in the sector to 74 per cent.
Major firms to join Bangalore IT.Com after Govt word Climbing down from its earlier stand to boycott the IT.Com 2004 event, to be held during November 1-5, major IT firms from Bangalore have agreed to participate, following assurances by the Karnataka Government to address their concerns, including the mounting infrastructure bottlenecks.
Wipro beats market hopes, posts 79 pc jump in Q2 Beating market expectations, IT major Wipro today (Oct 15, 2004) posted a 79 per cent jump in net profits at Rs 411.70 crore and 44 per cent rise in revenue at Rs 1978.50 crore for the second quarter ended September.
INTERNATIONAL Economic ties can break B'desh-India barriers: Tata Three plants worth $ 2 billion to be set up by India's second largest conglomerate Tata group in Bangladesh would take off within the next four years and this could help break the "false barriers" between the two countries, its chairman Ratan Tata said.
