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Amidst debate over high compensations offered to bank executives, RBI Governor D Subbarao today made a strong case for increasing the compensatory packages of public sector bank (PSB) officials.
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Oil major Shell is not preparing a second attempt to acquire Woodside Petroleum, Australia's largest independent oil and gas company, a senior Shell executive was quoted by local media as saying.
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Employers in India are planning to hire at a robust pace in the next three months and public administration, education and services sectors are expected to see strong recruitment trends, says a survey.
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Robert E. Diamond Jr., 59, helped turn the bank into a global brand with the acquisition of Lehman Brothers' operation in the United States.
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China is seeking to expand its influence in South Asia at India's expense, Indian Prime Minister Manmohan Singh warned in rare public criticism of his country's rival for regional resources and geopolitical clout.
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Major private airliners today cancelled over 170 flights from various cities to West Bengal and Kerala in the wake of the strike called by central trade unions, but national carrier Air India said its operations were not hampered due to the stir.
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"The investigation is still going on and we will take some more time. We had got an extension for another six months and we hope to complete the case and submit report by January, 2011," SFIO joint director Rajesh Sharma told PTI.
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Unions started a major strike on Tuesday over President Nicolas Sarkozy’s plans to raise the retirement age.
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Power transmission contractor KEC International said on Tuesday it has signed a $95 million agreement to acquire SAE Towers Holdings from a unit of US-based private equity firm, Acon Investments.
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Bank of Baroda has room to raise up to Rs 3,000-4,000 crore in FY11, Chairman and Managing Director M D Mallya told reporters on Tuesday.
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State Bank of Travancore said on Tuesday it has raised its benchmark prime lending rate to 12.75 per cent from 12.50 per cent from September 3.
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Indiabulls Power today surged by nearly 5 per cent at the Bombay Stock Exchange in early trade, after reports that its parent firm Indiabulls is in talks with steel giant ArcelorMittal for setting up a mining joint venture in India.
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In a fresh bid to break the political stalemate in Jharkhand, the BJP today decided to stake claim to form a government with the support of erstwhile partner JMM and AJSU in the state which is under President's rule.
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Sep 7 - The Bank of Japan held interest rates steady, keeping its very limited firepower on hold until the impact of the strong yen becomes clearer. Dan Sloan reports.
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ArcelorMittal, the world's largest steelmaker, is in talks with Indiabulls Real Estate to form a joint venture to acquire iron ore and coal mines in India, the Economic Times reported on Tuesday.
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The Reserve Bank of India (RBI) chief said on Tuesday he did not see higher capital requirements for Basel 3 norms hitting banks significantly.
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State Bank of India Chairman O P Bhatt said on Tuesday that loan quality in the banking sector had deteriorated in the last two years.
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Workers affiliated to central trade unions today went on a day-long industrial strike across the country to protest against price rise, alleged violation of labour laws and disinvestment in PSUs disrupting normal life in Left-ruled West Bengal and Kerala.
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India must be prepared for a newly-assertive China that wants a foothold in South Asia, Prime Minister Manmohan Singh said, in a rare open criticism of the Asia giant competing for regional resources and geopolitical clout.
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Multiplex operator PVR is targetting an around Rs 100 crore revenue from its bowling alley arm, PVR BLu O, by 2011-12, a top company official said.
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