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IOB to use share premium money to offset losses

January 09, 2018

CHENNAI: State-run Indian Overseas Bank (IOB) has announced its plans to set off its accumulated losses with funds from its share premium account. In a release late on Monday, IOB said it intends using Rs 7,650 crore in its share premium account to write off its accumulated losses worth Rs 6,978.94 crore. The decision, approved by the bank board l...

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Coal India hike prices

January 09, 2018

KOLKATA: The Coal India board on Tuesday approved non-coking coal price hike for both power and non-power consumers. The price increase is expected to push the miner’s revenue up by Rs 1,956 crore for the remaining period of the current fiscal. The price revision is effective from Tuesday and the projected incremental annual revenue would b...

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Infosys appoints Salil S Parekh as CEO, Managing Director

December 02, 2017

MUMBAI: Infosys, India's number two IT services company, said on Saturday it had named Salil S Parekh, an executive at consultancy firm Capgemini, as its next chief executive officer and managing director. Parekh has been appointed for a five-year term effective January 2, according to an Infosys filing to exchanges. Infosys interim CEO Pravin Ra...

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Markets open in red

November 10, 2017

MUMBAI: Key Indian equity market indices opened in the red on Friday ahead of the crucial Goods and Services Tax Council meet. The 30-scrip Sensitive Index (Sensex) was trading 67.70 points or 0.20 per cent lower during the early session. The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 11.20 points or 0.11 per cent...

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Markets Open: Positive global cues lift Indian equity markets

November 07, 2017

MUMBAI: Broadly positive global cues, along with healthy buying support for the capital goods and IT sectors pushed the key indices of the Indian equity markets higher during the morning trade session on Tuesday. At 9.30 a.m. the barometer 30-scrip Sensitive Index (Sensex) traded 73.96 points or 0.22 % higher. The wider 50-scrip Nifty of the Nati...

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