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FM balm on bank bruises

Finance minister Arun Jaitley today promised that public sector banks would be recapitalised and protected. The assurance comes a day after the bloodbath on the bourses and a week of poor...   | Read..

FB local head to relocate

A day after closing down its controversy-ridden Free Basics programme here, Facebook India managing director Kirthiga Reddy today stepped down from her current role and...   | Read..

Factories continue to falter in December

Industrial production contracted 1.3 per cent in December - a fall for the second month running - mainly because of a poor show by the manufacturing and capital goods sectors.   | Read..

Brakes on car sales growth

Car sales hit a speed breaker for the first time after 14 months of continued growth in January as discounts dried up and manufacturers corrected inventory at dealer levels.   | Read..

IOC back in black

Indian Oil Corporation is back in the black in the third-quarter ended December on account of a robust refining margin, improvement in performance and lower finance costs.   | Read..

Sun Pharma calls off Merck deal

Sun Pharmaceutical Industries and Merck Sharp & Dohme (MSD) have decided to terminate a joint venture to develop, manufacture and commercialise branded generics for...   | Read..

Go-ahead for NSEL merger

The government today ordered the merger of crisis-hit National Spot Exchange Ltd (NSEL) with its parent Financial Technologies, confirming its draft order issued nearly...   | Read..

Land drive for mega refinery

The proposed 60-million-tonne (mt) mega refinery project in Maharashtra, to be set up by four public sector undertakings - Indian Oil Corporation, Bharat Petroleum...   | Read..
FM balm on bank bruises

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