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Nurturing of subsidiaries paying off for companies
CREATION of subsidiaries is often viewed by the stock markets with skepticism given the implications for lower standards of corporate governance. But subsidiaries seem to be delivering the goods for India Inc. Subsidiaries are now growing in ...
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Govt may infuse capital into Punjab & Sind Bank
THE Government may consider providing recapitalisation support to Punjab and Sind Bank (P&SB), the Finance Minister, Mr P. Chidambaram, said here on Saturday. "The extent of capital infusion would depend on the bank's plans for the current year .
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`Lodha appointed Birla Corp Chairman'
A LITTLE less than a year after the demise of Priyamvada Birla, Mr Rajendra Singh Lodha has been appointed chairman of the Rs 1,360-crore Birla Corporation Ltd, the flagship company of the MP Birla Group. The development came to light when the ...
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Barcoding in health sector can save lives
THE recent incident of a hospital in the National Capital Region implanting an expired valve into a patient's heart has once again highlighted the lack of standardisation in the healthcare system. Tampering of medical devices leading to ...
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Sumitomo to pick up 15% Swaraj Mazda stake from Punjab Tractors
THE Japan-based Sumitomo Corporation is set to emerge as the single largest shareholder in light commercial vehicles manufacturer Swaraj Mazda Ltd (SML), following a decision by the board of directors of Punjab Tractors Ltd (PTL) to sell 15 per ...
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`Time for BPOs, call centres to rebrand themselves'
CALL centre and BPO employees here fail to understand how Mr Karan Bahree could have walked away with `sensitive information' from his workplace. Ms Hema Sadashivan, who works for a multinational BPO in Bangalore, says that cameras capture her ...
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Forex reserves up by $1.04 b
INDIA'S foreign exchange reserves surged by $1.04 billion for the week ended June 17, after two consecutive weeks of decline, during which they fell by a cumulative $1.303 billion. According to the data released by the RBI today, the reserves ...
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Small pharma cos urge Govt to correct imbalances
SMALL and medium enterprises (SME) in the pharma sector may have to learn new tricks in the trade, come July. Shifting manufacturing base or changing tack to exports are just some of the survival strategies being mulled, in a desperate bid to ...
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