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Saturday, September 25, 2004
Indian Oil-IBP merger by December
MUMBAI, SEPT. 24. The Indian Oil Corporation would complete the process of merger of IBP with itself by the end of December 2004. Indian Oil had also completed the due diligence of Metco, an Indonesian exploration company, and would submit the ...
Government not to shed stake in MUL
NEW DELHI, SEPT. 24. The Government does not plan to give up its 18.24 per cent equity stake in Maruti Udyog Limited (MUL) in July next year when it can exercise various options relating to its shareholding. The Heavy Industry Minister, Santosh ...
NTPC share listing in November
NEW DELHI, SEPT. 24.The National Thermal Power Corporation is expecting to list its shares on stock exchanges on November 8-9. "We are planning to list around Diwali. As per the tentative schedule, the listing may take place on November 8 or ...
Marginal rise in inflation
NEW DELHI, SEPT. 24.Inflation rose marginally by six basis points for the week ending September 11 to reach 7.87 per cent, after a sizable dip in the previous week. Despite the price index moving up, government officials appear confident that ...
More billionaires in Forbes 400
NEW YORK, SEPT. 24. It looks like the U.S. billionaire's club is not quite as exclusive as it once was. There are now 313 billionaires in the U.S., the largest number ever and a huge jump over the 262 counted last year, according to Forbes ...
Hutch approaches FIPB
NEW DELHI, SEPT. 24. Amid the impasse over hiking FDI cap in telecom to 74 per cent in the face of opposition from Left parties, the telecom major Hutch has approached the Government for equity restructuring in its Indian venture. Hutch has made ...
Sun Pharma to buy 3 U.S. brands
NEW DELHI, SEPT. 24. Sun Pharmaceutical Industries will buy three drug brands of U.S.-based Women's First Healthcare for $5.4 million. The company said it had reached an agreement with Women's First Healthcare to acquire the drug brands, which ...
Suraj Securities directors debarred
MUMBAI, SEPT. 24. The Securities and Exchange Board of India has debarred directors of Suraj Securities and Finance Ltd from accessing the securities market for five years. The directors of Suraj Securities D. K. Nahata and M. K. Nahata have ...
Maruti Joint MD resigns
NEW DELHI, SEPT. 24. Maruti Udyog Ltd. (MUL) today said its Joint Managing Director, Junzo Sugimori, has resigned and will be replaced by Hirofumi Nagao. Mr. Sugimori tendered his resignation, which was accepted by the board at its meeting held ...
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