The Telegraph
Since 1st March, 1999
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Business Briefs

Dumping duty on Tisco

Washington, Dec. 4: The US commerce department has announced anti-dumping and countervailing duty on prestressed concrete steel wire strand from India and four other countries. A 102.07 per cent anti-dumping duty margin has been imposed on Tata Iron and Steel Company (Tisco) and 83.65 per cent on all other such products from India. In 2000, imports of prestressed concrete steel wire strand from India amounted to 4,264,277 kg with a customs value of $1,867,569; in 2001, it was 6,733,545 kg and $2,749,578, respectively, while in 2002, it was 8,412,524 kg and $3,337,349.

AllBank chief

Calcutta, Dec. 4: Onkar Nath Singh today assumed charge as chairman and managing director of city-based Allahabad Bank. Singh, a chartered accountant by qualification, has nearly three decades of banking experience in various areas of operations, including credit management, audit and inspection and international banking, Allahabad bank said in a release here. Singh assumed office in Mumbai today.

Exxon move

New Delhi, Dec. 4: Exxon-Mobil senior vice-president Rex W. Tellerson assured petroleum minister Ram Naik today that all efforts were being made to prevent the costs of the Sakhalin I oilfield project in Russia from escalating further.

Mait forecast

New Delhi, Dec. 4: Hardware association Mait today said personal computer sales during the current fiscal would cross 30 lakh units on the back of strong demand from telecom and financial services sector.

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