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Rupee gains 19 paise against dollar in opening trade

February 14, 2018

MUMBAI: The rupee strengthened by 19 paise to 64.13 against the US dollar in opening trade today aided by stronger domestic equities. The weakness in dollar against some currencies overseas after US Federal Reserve chairman Jerome Powell said that the central bank would remain alert to risks to financial stability in the wake of recent market rout...

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Brakes India and JV partner ZF showcase future technologies at Auto Expo 2018

February 08, 2018

New Delhi, 8th February 2018: Brakes India and JV partner ZF are showcasing future technologies and products at the Auto Expo 2018 components show. Advanced electronics, driver assist, and electronic stability control brake systems are among the key innovations shaping the future of mobility. Brakes India is reinforcing its commitment to introducin...

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Govt to roll out health cover scheme from next fiscal: Arun Jaitley

February 02, 2018

NEW DELHI: Finance Minister Arun Jaitley today said the world's biggest health cover plan announced in the Budget will be cashless and not a reimbursement scheme, and promised more funds if required depending on the rollout later next financial year. The National Health Protection Scheme (NHPS) touted as ModiCare envisaged to provide medical cover...

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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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