Tuesday July 15, 2008

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Tata Steel to buy mine in Australia 

Mumbai, July 14:
Scouting for iron ore reserves to feed Anglo-Dutch steel maker Corus, Tata Steel is looking at acquiring an iron ore mine in Western Australia.
 
Markets end in red, Sensex down 139 pts 

Mumbai, July 14:
Continuing its downward trend for the third day in a row, the Bombay Stock Exchange benchmark Sensex closed the day lower by over 139 points on sustained selling by funds amid weak ...
 
Govt bars new fuel pumps by state firms 

New Delhi, July 14:
The government has stopped state firms from building new fuel stations for two years to cut costs at companies losing heavily from having to sell fuel at prices far below market rates, an oil ministry source said on Monday.
 
India ranks 41 in industrial competitiveness 

New Delhi, July 14:
India lags behind 40 other countries in industrial competitiveness, faring poorer than Thailand, Malta and Malaysia, a United Nations Industrial Development Organisation report said.
 
India Inc's US-bound M&A dips 30pc 

New Delhi, July 14:
The continuing recessionary fears in the world's largest economy, has dented India Inc's US-bound merger and acquisition activities, which dropped 30 per cent to 5.1 billion dollars in the first six months of 2008, according to an investment bank and advisory firm.
 
'Welcome Pack' plan from Central Bank of India 

Bhopal, July 14:
Central Bank of India is coming out with a new 'WELCOME PACK' scheme for opening of new Current Accounts for Micro, Small and Medium Enterprises (MSME) Sector.
 
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