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Govt
fixes Rs 800-cr networth for SCI bidders |
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The
government has fixed a net worth criterion of Rs 800 crore
for the bidders of Shipping Corporation of India. As per a
decision of the Cabinet Committee on Disinvestment, the government
will sell 51 per cent of its stake in SCI to a strategic partner.
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Sebi
to look into alleged ‘insider trading’ by RIL |
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Mumbai-based Investor Grievances Forum has asked market
regulator Securities & Exchange Board of India to probe
whether Reliance Industries has indulged in insider trading
and unfair trade practices while selling its 10.05 per cent
stake in L&T to Grasim. |
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FM
kicks off pre-budget meetings |
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Finance Minister Yashwant Sinha kicked off the pre-budget
meetings on Monday by meeting the agriculturists and the representatives
of the small scale industry. |
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Maruti
Udyog ties up with 8 auto finance companies |
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In
a cartel formation of sorts, Maruti Udyog Ltd has brought eight
leading auto financiers under a single umbrella called Maruti
Finance to offer a common interest rate to all its car customers
instead of these finance firms undercutting each other. |
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A
smart way to pick up rations under PDS recommended |
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The
Tenth Plan Working Group on Public Distribution System and Food
Security has recommended introduction of smart-card system in
the form of a credit or debit card instead of the existing ration
cards to eliminate the rampant corruption in the PDS. |
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Carmakers
tap American nostalgia for new vehicles to cross over a weaker
horizon |
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With
the threat of weaker sales on the horizon, US automakers recalled
the happy days of the 1950s and 1960s on Sunday, tapping into
the current wave of American nostalgia by unveiling modern versions
of some of their most illustrious vehicles of the past. |
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Hyundai
to explore SUV category |
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Hyundai
Motor India Ltd is exploring an opportunity to enter into the
emerging sports utility vehicle segment of the domestic automobile
market very soon. |
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Trai
plans website for cellphone users |
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Trai
has decided to set up a website for the mobile consumers in
collaboration with various consumer groups working in the telecom
segment. |
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Malaysia
Airlines plans to woo Indian tourists |
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‘‘ASIANS are the best tourists. They shop like mad, eat like
mad and travel like mad,’’ says Abdul Kadir Bin Haji Sheikh
Fadzir, Malaysian Minister for Tourism. |
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REC
cuts lending rates by 100 bps across the board |
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The
Rural Electrification Corporation Ltd on Monday effected an
across-the-board 100 basis points cut in its lending rates. |
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