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Friday, March 25, 2005
Tata Steel to hike prices from April 1
MUMBAI, MARCH 24. Tata Steel will be raising the prices for its long-term contracts by up to 20 per cent that can translate into a hike of Rs. 5,000 a tonne. The hike will be effective from April 1. Speaking on the sidelines of an ...
S&P assigns highest rating
MUMBAI, MARCH 24.Standard & Poor's (S&P) today assigned Tata Steel `BBB' Local currency (Corporate) Rating and `BB+' Foreign Currency rating with stable outlook. The `BBB' fundamental rating is two notches above S&P's current sovereign rating ..
CCEA approves Ambuja Cement deal
NEW DELHI, MARCH 24.The Cabinet Committee on Economic Affairs (CCEA) has approved the takeover of Ambuja Cement India by Holdcem Cements Pvt. Ltd. through a complex acquisition programme, involving a foreign direct investment inflow of $1.2 ...
Stock exchanges ask Reliance to clarify settlement reports
NEW DELHI, MARCH 24.The stock exchange authorities today asked the Reliance Group to clarify reports on settlement between the wrangling Ambani siblings under which Mukesh is to get the flagship company, Reliance Industries, and his younger ...
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