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Thursday, February 05, 2004
Resident individuals can remit up to $25,000
MUMBAI, FEB. 4.The Reserve Bank of India has formulated a remittance scheme, allowing resident individuals to remit up to $25,000 per calendar year for current or capital account transaction or a combination of both. The scheme will come into ...
L&T's three-step demerger
MUMBAI, FEB. 4.The extraordinary general meeting of Larsen & Toubro held here on Tuesday saw a lot of heat by shareholders of L&T. Two polls were conducted on two main resolutions of scheme of arrangement, involving the proposed demerger and the ...
Tatas mull acquisition of broadband company
NEW DELHI, FEB. 4. With a view to leading the broadband revolution, the Tata group is mulling acquisition for which it is now conducting due diligence of an Indian broadband company. "We are doing a due diligence of a broadband company in India ...
S&P positive on budget
MUMBAI, FEB. 4.Standard & Poor's, the U.S. based international rating agency, today stated that the interim budget announced by the Government indicates a greater determination to curb fiscal deterioration and the ratings on India could improve ...
Reliance raises $250 m
MUMBAI, FEB. 4. Reliance Industries today concluded a $250 million international syndicated loan at 90 basis points over London Inter-Bank Offered Rate (LIBOR). The proceeds of the loan, the first such transaction concluded after the recent ...
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