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Chemicals
ministry rejects plea for DPCO exemption
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The chemicals and fertilisers
ministry has rejected health ministry’s plea seeking exemption
of drugs from Drugs Price Control Order (DPCO) whose average
daily cost works out to less than Rs 2. |
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No
concessions on car CBU imports for foreign firms |
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The government has told foreign
companies that there will be no relaxation of the conditions
regarding imports of completely built units (CBUs) of cars —
now that the quantitative restrictions (QRs) have been removed,
with effect from April 1. |
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Zee
Tele shares sold to Singapore-based FII
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ZEE Telefilms (ZTL)
promoters, who had kept the buyer a secret, appear to have sold
25 lakh of their shares to the Singapore-based foreign institutional
investor (FII), Alliance Capital. This is part of their effort
to repay to ZTL Rs 220 crore which they had borrowed to acquire
shares of B4U and AB Corp. |
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Real
estate spotlight shifts to residential accommodation |
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There has been a
shift in preference towards residential accommodation in Mumbai
and Delhi. Research conducted by property consultants show that
with the offices moving away from the heart of the cities, the
demand for residential accommodation is growing in the suburbs. |
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