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Business & Economy
Japan moots Asian pool to
deal with oil price spike
What is India News Service,
Tuesday,
28 Sept 2004, 2200 hrs IST
Sharing oil reserves among Asian nations could be an option for countries in the region if crude prices stay high, Japanese Trade Minister
Shoichi Nakagawa said on Tuesday as oil soared to a record above $50 a barrel.
"I have been discussing with officials from ASEAN and East Asia about building an oil stockpile since around May and June, although that remains just a discussion," Nakagawa, who kept his post in a cabinet reshuffle on Monday, told a group of reporters.
Investment panel to woo FDI soon:
The panel is expected to approach Fortune 500 companies for investment and also urge top Indian companies to step up their investment.
Tata
Motors debut at NYSE
Tata Motors today became the first company in the Indian engineering sector to list its securities on the New York Stock Exchange (NYSE).
Tata Motors
drives into Wall Street: Tata Motors opened at a close to 3% premium to Monday\92s closing price on The Stock Exchange, Mumbai. The American Depository Shares opened at $9.15 per share, which is at a premium of around Rs 11 per share \97 or 2.6% \97 compared to Monday\92s closing price of Rs 409.30 on BSE.
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'Zee's petition not
maintainable': The BCCI on Tuesday argued before the Supreme Court that Zee TV's writ petition challenging cancellation of tender process for award of cricket telecast rights was not maintainable and should be dismissed.
Jet expands low night fare scheme: Taking the fare war a step forward, Jet Airways today expanded its low night fare scheme on two metro sectors of Delhi-Mumbai and Delhi-Bangalore.
Lalu vows to end freight racket in Railways:
Railway Minister Lalu Prasad Yadav said he would end the freight racket in the
railways, and alleged BJP leaders were behind it.
Foreign experts issue to be resolved
soon:
Planning Commission Deputy Chairman Montek Singh Ahluwalia said the issue of foreign experts in the consultative panels would be resolved in a day or two.
9 km elevated road
okayed for Bangalore: The corridor from Bangalore to its Electronic City
will be built on stilts.
Lakshmi General to merge with Sundaram Finance:
The board of directors of Sundaram Finance Limited have approved, in principle, merger
with Lakshmi General Finance.
Mumbai all set to revamp its urban transport:
The Mumbai Urban Transport Project (MUTP) will receive $305 million as loan from the International Bank for Reconstruction and
Development.
Sky-Bus inauguration
may be put off: Railway Minister Lalu Prasad Yadav might not be able to flag off the nation's first ariel mass-transport vehicle, the Sky-Bus Metro, on October 15.
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Nalco
gets merit for excellence: The National Aluminium Company Limited (NALCO) has been awarded a merit certificate for excellence in the achievement of MOU targets for 2002-03.
Stanchart to buy Sumitomo Mitsui Bank's India operations:
Standard Chartered Bank (SCB) will acquire Sumitomo Mitsui Banking Corporation's (SMBC) Indian
operations.
Reliance Infocomm's festive offer:
Reliance Infocomm, in an aggressive marketing strategy, has announced festival offers on a basket of premium colour handsets.
Overall:
Japan mooted Asian oil pool: The
spike in crude price has the world worried.
Tata
Motors debuted on Wall Street: It also rode high at the Mumbai stock
exchange.
Mumbai got a loan:
The city is planning big investments in the transport sector.
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