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Directors' pay rises faster than staff's
THIS is sure to bring more than a smirk to your face. The pay of directors on board Corporate India is rising faster than what is paid to employees down the line in the past three years. In their defence, you can certainly say that they earned ...
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GTB is history; Oriental Bank takes charge of operations
THE Global Trust Bank (GTB) branches across the country have started functioning as branches of Oriental Bank of Commerce (OCB) from today. The Government of India on Friday sanctioned the scheme for amalgamation of the GTB with OCB that came ...
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`GTB staff to be retained at same salary for 3 years'
EMPLOYEES of the erstwhile Global Trust Bank (GTB) will be retained by the Oriental Bank of Commerce (OCB) at their existing salaries for the next three years but will receive no increments during this period, according to sources. On Saturday, ...
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Forex reserves rise by $1 b
AFTER showing a massive dip for the previous two weeks, the country's forex reserves showed a notable accretion of $1.017 billion for the week ended August 6, as per the latest RBI statistics. During the previous two weeks the decline in ...
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Zee emerges highest bidder with Rs 1,206 cr
THE Board of Control for Cricket in India (BCCI) is all set to get richer. The highest bid by the Zee Group for the telecast rights of cricket matches to be played in India over the next three years has touched a whopping Rs 1,206 ...
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Cipla slashes anti-AIDS drug prices by 30%
CIPLA has slashed the price on its antiretroviral (ARV) or anti-AIDS drugs range by 25 to 30 per cent in the domestic market. In a letter to doctors, the company said that patients could save more than Rs 360 per month on combination drugs ...
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