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September 01, 2010
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Q1 growth climbs to 8.8% on back of manufacturing
New Delhi: The economy has expanded 8.8 per cent in the quarter ended June 2010—the fastest pace in nine quarters—on the back of strong manufacturing and services growth. |
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Tax incentives for business to be investment-linked
New Delhi: The Direct Taxes Code (DTC) Bill has proposed to substitute all profit-linked incentives with investment-linked incentives for businesses that enjoy tax sops under the existing law. |
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Reliance Ind-Hardy strikes more gas in KG block
New Delhi/ Chennai: Reliance Industries Ltd (RIL) and its partner Hardy Oil and Gas plc have found more natural gas in the Krishna-Godavari basin close to the country's biggest gas field D6, off the East Coast. |
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Madison World forms JV with UK ad firm
Mumbai: Adman Sam Balsara-promoted Madison World has formed an equal joint venture (JV) with UK-based advertising company Beattie McGuinness Bungay (BMB). |
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Chennai port gets Rs 100 cr for new hub
Chennai: The Union Shipping Ministry has sanctioned Rs 100 crore (US$ 21.33 million) to the Chennai Port Trust to procure around 125 acres of land from the Tamil Nadu government on a long-term lease to set up a dry port and multi-modal logistics hub near Sriperumbudur special economic zone. |
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NSL sets up Rs 300-cr textile facility in Guntur
Chennai/ Hyderabad: NSL Textiles, part of the Rs 1,500-crore (US$ 320 million) group that owns Nuziveedu Seeds Ltd, has set up a textile processing facility at Chandolu near Guntur with an investment of Rs 300 crore (US$ 64 million). |
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Nissan to export Micra thru Ennore port soon
Chennai: Nissan Motor India is likely to commence exports of the Nissan Micra through the Ennore Port in the first week of September, according to Ennore Port Chairman, S Velumani. |
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