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10 yrs after Kargil, Bofors upgrade hangs fire
On the tenth anniversary of the Kargil conflict, the gun that did so much to facilitate that victory — the 155 mm Bofors FH-77B — could be staring at a major setback. With India’s artillery modernisation programme already stalled, the plan to refurbish and upgrade India’s old 155 mm FH-77B Bofors guns also seems headed for failure. generic levitra

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NTPC to appoint merchant banker for S Africa coal mine
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker next month to do the due diligence of those properties.

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Tata Comm launches internet clean pipe solution
Tata Communications has launched its internet clean pipe solution for the small and medium business segments. The solution, company said, will ensure clean internet traffic by eliminating malware, spam and virus without the customer having to incur capital expenditure on security hardware.
International Business

Rupee up 2 paise against dollar

The Indian rupee rose marginally by 2 paise per US dollar at 46.48 in opening trade today, on hopes of higher capital inflows from foreign funds as the domestic stock market may open higher tracking the firm trend in the Asian markets. - India, Russia may return to rupee-rouble trade - Re appreciates by 28 paise, at 46.46/$ - Rupee drops to two-week low - Re down 15 paise, at 46.63/$ in early trade - Rupee at 46.44/$, down 33 paise - Re appreciates 28 paise at 46.01/$ The US currency"s weakness against other rival units also supported the rupee. At the Interbank Foreign Exchange (Forex) market, the local currency, which had ended firm on Friday as well, appreciated by 2 paise to 46.48. The rupee had closed 24 paise higher at 46.50/51 against the US unit in the previous session due to dollar"s weakness overseas. Forex dealers said expectations of increased capital inflows by foreign funds into equity markets in line with firm trend trends on the other Asian markets mainly supported the Indian rupee.


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