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Saturday, February 07, 2004
Moody's upgrades banks' ratings
NEW DELHI, FEB. 6.Moody's Investors Service has upgraded the outlook for the long-term foreign currency (FC) deposit ratings of a number of Indian banks, now all rated Ba2, to stable from negative in line with the recent upward revision of the ...
ONGC to invest nearly $1 b in oil exploration
NEW DELHI, FEB. 6. The Oil and Natural Gas Corporation (ONGC) has committed to invest over $1 billion with its partners in the 14 oil and gas blocks bagged in the fourth round of bidding of the new exploration licensing policy (NELP). Of the ...
Naik announces fifth NELP
NEW DELHI, FEB. 6.In a bid to continue the impetus to oil and gas exploration activities, the Union Petroleum Minister, Ram Naik, today announced that the fifth round of the new exploration licensing policy (NELP) will be launched in the first or ...
BSNL to challenge Bharti for top cellular slot
NEW DELHI, FEB 6.The state-run Bharat Sanchar Nigam Limited (BSNL), which has defied odds to become the country's number two cellular company, is poised to challenge Bharti for the top slot. The company's expansion plans are on course and barring ...
Fixed line subscriber base crosses 42 m mark
NEW DELHI, FEB. 6.The fixed line subscriber base including WLL (fixed) services crossed the 42 million mark in January, while mobiles exceeded 30 million users taking the total subscriber base to 72 million, the Telecom Regulatory Authority of ...
Sensex recovers 66 points
MUMBAI, FEB. 6. The market made a strong turnaround under the leadership of public sector banking stocks and the Sensex ended 66 up in volatile activity on the Bombay Stock Exchange today on squaring up by operators at the weekend as well as ...
IDBI and the future of development finance
Far from becoming irrelevant, development finance ought to be an integral part of a vibrant financial sector
RBI eases import bills norms
MUMBAI, FEB. 6. With a view to simplifying and liberalising the procedure for imports, the Reserve Bank of India has raised the prescribed limits of $10,000 and $25,000 for such direct receipt of import bills/documents uniformly to $100,000 or ...
Patni IPO oversubscribed 22 times
MUMBAI, FEB. 6. Patni Computers said today its initial public offering had received overwhelming response with the book-built issue having been oversubscribed 22 times. The company fixed the issue price at Rs. 230 per equity share of face ...
IPCL, CMC to file revised offer documents
NEW DELHI, FEB. 6. Revised offer documents for sale of Government's residual equity in IPCL and CMC, slated to hit the market in mid-February, will be filed with the Securities and Exchange Board of India on Monday. The move to push back the ...
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