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Environment ministry serves ultimatum to 2000 polluting industries
Clean up or close up, Saifuddin Soz tells private and public sector culprits.
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Karnataka HC rejects plea against Cogentrix project
Arugments put forth by Maneka Gandhi and others are not sustainable.
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Brokers should reaffirm themselves, says FM
Chidambaram inaugurates BSE's national trading system.
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August 25-29: Sensex crashed heavily over week
Fall of rupee, fear of petroleum hike, Asian markets crises hit BSE.
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Anger and Acrimony
Ajit Kerkar will soon step down as chief of Indian Hotels Company, whose flagship is the Taj Mahal Hotel in Bombay. But the departure has not been smooth.
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August 29: Sensex crashes for second consecutive day
Ends up 87 points lower to close at 3863.15.
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Bank strike continues for second day
Most RBI employees stay away from stir.
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Centre gives green signal to Bombay-Pune expressway
Railway ministry agrees to set up corporation for Bombay.
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Chemical factories to be banned in Sindhudurg district, Maharashtra
Effort to develop region as a tourist centre.
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Banking business at a standstill as 2-day strike begins
Though successful, many staff members displeased with stir.
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August 28: Sensex crashes 134 points to go below 4000 mark
Sustained selling by FIIs weakens equity prices.
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Find middle path on DTH issue, says Delhi HC
'Foreign satellite channels have many benefits, so why should we be denied the same?'
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Delhi queries Maharashtra on not allowing NTC mills' land sale
...while permitting three private mills to sell their land.
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Income tax bill to be introduced soon, says FM
New income tax law by next year, promises Chidambaram.
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Naidu to go ahead with plans to reform AP power board
Bankrupt APSEB to be split into economically viable units.
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Air-India board discusses strategy to improve position
Board shocked at difference between projections and results.
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Bhaskarudu to be new MD of Maruti
Suzuki nominates Bhargava as part-time chairman.
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India can end poverty in 8 years at current growth rate, says WB
At 6-7% growth, proportion of poor could plummet from today's 35% to 6.3% by 2005.
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August 26: Sensex rises by 60 points
Crosses 4100 mark on speculative buying.
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BSE director, ex-chief Kampani dead
Kampani was president of BSE in 1987-88.
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Left, DMK, Congress tactics force petroleum hike delay
Oil pool deficit mounting at Rs 320 million per day!
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Cabinet's nod for Foreign Exchange Management Bill
Move towards liberalisation of capital account convertibility.
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'Reforms divorced from morals and a national impulse will dilute our sovereignty'
Former finance minister Jaswant Singh explains the BJP's opposition to the IRA Bill.
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Aug 18-22: Stock markets were depressed last week
Depreciation of rupee and fear of petroleum products hike hits market sentiments.
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Bombay metro can be built in 7 years, claims study
Growing urbanisation leaves the city no option but to build metro.
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August 22: Sensex crashes 108 points to go below the 4100 mark
The imminent petroleum products hike and depreciation of the rupee unnerves market.
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Front leaders give go-ahead for petroleum products hike
Cabinet to decide on quantum; oil pool deficit at Rs 220 billion.
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August 21: Rupee plunges further against dollar
Reserve Bank stays out.
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UB Group to open business centre in Dubai
Plan to use available infrastructure to meet a growing need.
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Ecotourism faces flak at Periyar
A hotel is caught in the crossfire between the forest department, the tourism department, and the conservationists.
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August 20: Rupee dips sharply against dollar
Market panics on fears of a band to fix exchange rate against dollar.
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Centre pays due attention to state govts, says Indrajit Gupta
Southern Zonal Council begins its 22nd meeting in Kerala.
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Indian Overseas Bank CMD to be held for links to Indian Bank scam
K Subramanian was a general manager in Indian Bank.
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Govt to set up panel for consensus on IPR
Meeting fails to reach agreement.
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August 19: Sensex tumbles 156 points to go below 4200 mark
Acute selling by foreign institutional investors, speculators.
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Disinvestment panel adds Hindustan Copper, Pawan Hans to list
Govt urged to withdraw from the two unviable companies.
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Darbari Seth steps down from ACC board
Seth spearheaded Tata investment in ACC.
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Parliamentary panel asks govt to pay IA for causing losses
The government's decision to ground aircraft cost IA dear.
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Tatas to unveil vehicle at Dubai motor show
A sports utility vehicle in the largest market for four-wheel drives.
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August 11-14: BSE suffers setback
SEBI deferment in implementing 'badla' and the trouble at Asian Paints reasons for the bearish phase.
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'You can't expect people to fade away without a death gurgle'
Mahindra and Mahindra managing director Anand Mahindra tells The Rediff Independence Day Chats.
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Front defers decision oil hike
The Left is opposed to any hike, but unless the deficit is met, funds to import crude will run out.
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Sterlite plant resumes operations
Experts panel doubts gas leak originated in plant.
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Parliamentary panel deplores govt's lack of interest in sick PSUs
Govt's attitude to modernising, restructuring PSUs cavalier and lackadaisical.
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TN chief minister to decide on Sterlite plant's fate
Clarifications sought on experts' report.
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No foreign airline in any domestic sector, says IATA chief
Each country has its own rules.
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Joint venture fishing in Indian waters cancelled
Small vessals to have exclusive rights over coastal waters.
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August 11: Sensex seesaws up again
Sensex gains 84 points.
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Mass reformers needed to banish poverty, says FM
India needs a good combination of politics and economics to get out of poverty.
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World Bank to check if policy harmed Indian farmers
The bank directors may have to decide on whether to probe the case.
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August 4-8: The rise and fall of the Sensex
The Sensex crossed the 4600 midweek, but came down below the 4400 mark by the end.
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Japanese pull out of Haryana township project
Farmers unhappy with the compensation and no counter-guarantee alarmed the Japanese.
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UF's economic failure has weakened nation, says Congress
Rate of growth and industrial production have slackened under UF rule.
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Manmohan lambasts BJP, Left parties
...for their canards against the Congress policy on foreign investment.
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Govt not to delay implementing pay hikes
Final decision after August 15.
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Bank nationalisation helped India, say economists
Today, 90% of Indians use the nationalised banks.
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August 8: Sensex crashes below 4400 mark
Falls for second consecutive day.
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After insurance victory, Left to oppose UF further
Communists keen to cut Chidambaram to size.
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Court rejects Purohit's plea against Nippon Denro
Nagpur bench of Bombay HC refuses to stay extraction of coal mine.
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August 7: Sensex crashes 76 points
The Sensex falls below the 4500 mark.
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Blow to reforms as insurance bill is withdrawn
No bill unless there exists consensus, says PM
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Mill lands developed before Maharashtra govt allowed sale, claims workers' body
Allocation of 33% land to house poor not observed also.
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Hind Lever denies SEBI's charge of insider trading
HLL purchased Brooke Bond Lipton shares prior to merger announcement.
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August 5: Sensex surge continues, crosses 4500 mark
The Sensex gained a further 81 points.
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Govt open to insurance cover for investors
To protect them from fraudulent companies like the CRB Capital Markets.
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August 4: Sensex surges 118 points
Speculators take advantage of no-delivery period.
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Maharashtra maintains industrial lead despite slowdown
It attracted the maximum foreign investment, but weak infrastructure poses a problem.
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Munde will attempt to justify Enron project to villagers at site
A difficult task for the man who promised to 'throw Enron into the Arabian Sea'.
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When Indian banks led the way
Sorabji Pochkhanawala and Sayajirao Gaekwad set up banks with many firsts to their credits.
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July 28-August 1: Joy as sensex surged ahead
ITC led the charge, aided by favourable results announced by blue chip companies.
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Minister grilled for falling car exports
Threat to hold back licences of firms concerned.
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Govt's measures to boost infrastructure
Ministry of surface transport can now approve investments up to Rs 5 bn.
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