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Tuesday, May 31, 2005
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    China revokes export tariffs on textiles
    Wants to avoid "double pressure" on its exports; ready for talks

    IOC net drops 30 p.c.
    To export diesel, petrochemicals to Pakistan

    Sensex loses 44 points in listless deals
    MUMBAI: The stock market snapped a seven-day long gaining string and the sensex ended 44 points down on Monday in listless activity due to profit booking by operators amidst slow down in purchases by domestic funds and negative foreign ...

    TVS Motor turnover up
    Announces an additional dividend of 60 p.c.

    Other Stories



    Barometer


    Briefly
    GACL buys stake in ING Vysya
    MUMBAI: The board of ING Vysya Bank has approved the sale of the bank's 14.87 per cent stake in ING Vysya Life Insurance Company to Gujarat Ambuja Cements for Rs. 60.90 crore subject to Insurance Regulatory and Development Authority and other ...

    Provogue fixes price band at Rs. 130-150
    MUMBAI: Provogue (India), a leading retailer in the Indian apparel market, has fixed a price band of Rs. 130-150 for its initial public offering for 40.49 lakh shares of Rs. 10 each. The issue, constituting 25 per cent of the fully diluted ...

    Vandrevala steps down
    NEW DELHI: In a sudden development, the Tata Power board on Monday appointed Adi Engineer to oversee the management and operations of the company in place of Firdose Vandrevala who stepped down as Managing Director. Mr. Adi Engineer's ...

    Dabur Pharma's preferential allotment
    NEW DELHI: Dabur Pharma on Monday will be raising Rs. 66 crore through preferential allotment of 1.22 crore equity shares at a price of Rs. 54 per share to International Finance Corporation to fund installation of new manufacturing capacities ...

    Refco-Sify Securities opens branch
    COIMBATORE: Refco-Sify Securities India Pvt. Ltd. has opened its first branch in Tamil Nadu here. According to a release, new branches through franchises will be opened in Madurai, Chennai, Erode and Salem. The company already has branches in ...

    Rane Engine to make open offer in Kar Mobiles
    CHENNAI: The board of Rane Engine Valves (REVL), at a meeting held on May 25, has decided to enhance its stake in Kar Mobiles to preferably over 50 per cent, according to a release. REVL and others companies in the Rane group hold around 29 per ...

    Federal Bank pays 25 p.c. on enhanced capital
    KOCHI: The Aluva-based Federal Bank has registered a drop in net profit during the year ended March 31, 2005. However, the bank Chairman, M. Venugopalan, attributed the 34 per cent drop in the net profit to one time absorption of depreciation on ...

    MRO-TEK recommends 25 p.c.
    BANGALORE: MRO-TEK, provider of product-based solutions to access every network, has achieved a higher revenue of Rs. 119.63 crore for the year ended March 31, 2005 against Rs. 101.04 crore. The profit after tax has increased by 18 per cent to ...

    Arvind Mills to issue GDRs
    NEW DELHI: Arvind Mills Ltd will issue 1.40 crore equity shares as Global Depository Receipts or any other related securities. The shareholders at the extra-ordinary general meeting have approved issuance of 1.40 crore equity shares, including ...

    30 per cent from Bajaj Electricals
    CHENNAI: Bajaj Electricals has recommended a dividend of 30 per cent for the year ended March 31, 2005 against 10 per cent in the previous year. Revenue from operations was higher at Rs. 650 crore against Rs. 507 crore in the previous year, a ...

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