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"Plantation firms must furnish cash-flow details"
ICRA Ltd has said that plantation companies that want to get themselves rated by the credit rating agency would have to furnish monthly cash flow statements for the last two financial years as well as projected cash flow statements for the next five financial years. Cash flow for the next two years would have to be on a monthly basis.
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Export body allays fears over oriental crisis impact on software exports
The president of Federation of Indian Export Organisations (FIEO) Ramu S. Deora does not foresee any "significant" impact of the south-east Asian currency crisis on thse country's software exports. In support of this, Deora says that more than 90 per cent of our software exports are to North America (US), the UK, Europe, Japan, Singapore and Australia.
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Ticket fraud bugs US travel industry
A well-organised criminal consortium from South America and Pakistan has developed a sophisticated system to steal, print and sell US airline tickets, Congress was told on Thursday. Gary Yallelus, a Miami detective who has spent almost seven years investigating airline ticket fraud, said the group set up an elaborate sales and a distribution process that relied on personal contact, rather than offices.
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The IMF empire strikes back
The International Monetary Fund's astonishingly aggressive response to Indonesia's "radical" currency-board plan - now apparently suspended - reflects the defensive behaviour of an institution under attack. Once cornered, this bunch can show their fangs.
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