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Subsidiaries growing faster than parent cos
IF you think a subsidiary just adds to the pages of a company's annual report and does little else, think again. An analysis of 200 companies that are part of the S&P 500 index indicated that subsidiaries have grown at a faster pace than the ...
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Rlys to hire 80,000 more to beef up safety
THE Railways will increase its workforce by recruiting 80,000 personnel by 2006 to beef up safety and security. After a two-day conference of General Managers of the zonal railways, the Railway Minister, Mr Lalu Prasad, promised to fill the ...
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Spanner in the works on textile quota abolition
EVEN as countries like India and China are celebrating the opening up of global trade in textiles and clothing from January 1 next year, a major upheaval could be in the offing with a two-day emergency meeting of the World Trade Organisation's ...
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As DFI status cannot be altered — IDBI may not get go-ahead for PSU bank acquisition
DREAMING of acquiring another public sector bank might be the latest pastime among the top echelons of Government-owned banks, but for Industrial Development Bank of India (IDBI) harbouring such an idea could well turn out to be a ...
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Asset-liability mismatch worries banking sector
WITH a virtual stampede from term deposits to demand deposits in the banking industry in the recent past, several bankers have expressed a deep sense of concern. Talking to Business Line, Mr K.P. Padmakumar, Chairman of Federal Bank, ...
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Toyota plans to launch Indianised Innova next year
TOYOTA-KIRLOSKAR is expected to launch Innova, the crossover passenger vehicle, in India early next year. Sources connected with vehicle development in the company told Business Line that the Innova, launched in Indonesia early this ...
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Steel PSUs will be divested, says national policy draft
DESPITE repeated assurances by the Union Steel Minister, Mr Ram Vilas Paswan, that public sector steel companies like Steel Authority of India Ltd (SAIL) and Rashtriya Ispat Nigam Limited (RINL) would not be disinvested, the `Draft National Steel ...
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Morarjee honcho to join Raymond
TEXTILE major Raymond Ltd will beef up its top management with the induction of Mr Robert Lobo, who is currently the Chief Executive Officer of the Ajay Piramal-managed fabric maker Morarjee Brembana Ltd. Mr Lobo is expected to take up a key ...
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