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Govt to announce petro package on June 15 — To protect consumers from global price shocks
THE Government will announce a package of measures on June 15 to insulate the consumer from the vagaries of the rising global crude oil prices. The various components of this package include a new pricing mechanism for petrol, diesel, LPG and ...
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Reliance Energy to buy back shares at Rs 525
RELIANCE Energy Ltd's board of directors on Wednesday approved a plan to spend a maximum of Rs 350 crore to buy back equity shares of the company from the public at a maximum price of Rs 525 per share. Reliance Energy on Wednesday closed at Rs ...
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Tata Sons sets up BPO arm — SerWizSol aims top-five slot in 5 years
TATA Sons Ltd has recently set up a wholly-owned subsidiary E2E SerWiz Solutions Pvt Ltd (SerWizSol) to exclusively focus on the contact centre and BPO business. SerWizSol will be targeting both the domestic and overseas markets and expects to ...
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ONGC may start its own insurance outfit
INSURANCE companies are about to lose their biggest client in the country. Oil and Natural Gas Corporation (ONGC) is planning a set-up of its own to take care of its insurance needs, a top ONGC official said. "We have accepted a suggestion to ...
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Greater transparency in fleet acquisition: Praful Patel
THE Government is keen to bring about much greater transparency into the Rs 20,000-crore 71-aircraft fleet acquisition plan of Air India and Indian Airlines. "There is need for more transparency. The existing laws can be made more transparent. ...
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Star India to broadbase advertising revenues — New strategy being put in place to step up growth rate
RUPERT Murdoch-owned Star India is planning to beat the broadcasting industry's average growth rate by de-risking its business model and broadbasing its advertising revenues. And as part of that strategy, the company will, for the first time, ...
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