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At the company’s 23rd Annual General Meeting (AGM) held on Aug. 25, the members of India Glycols have sanctioned the announcement of dividend at 30%, or Rs 3 per share of the value of Rs 10 each.

Mumbai: The rupee arose in the direction of a nine-year peak today after the US Federal Reserve slashed rates sending securities higher across Asia, but dollar buying by state-run banking institutions and a local company reduced a few gains.

The Fed cut on Tuesday the prime federal funds target rate by 50 basis to 4.75% from 5.25%. It also slashes the discount rate that it charges for direct loans to banks by a half-point to 5.25%.

Leading hospitality company Hotel Leela Venture is all set to invest around Rs 22 billion in the next three years (2010) to set up five new hotels and a service apartment in Gurgaon near Delhi.

The new hotels will be established in Pune, Hyderabad, Chennai, Delhi and Udaipur.

The company has already expended Rs 11 billion on 86 service apartments that it is projecting to built up in Gurgaon.

London, September 19 (ANI): A new poll has shown that millions of people in the UK have self-diagnosed a food intolerance, and may be avoiding key foods as a result.

The study conducted by a testing firm called Yorktest has revealed that less than a quarter of 12 million of the people, who claim to be food intolerant, have had their condition formally diagnosed.

While many of the nine million people also claiming to be intolerant may well be so, the study suggests that they may just be fussy.