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INTERNATIONAL
ADB evolves action plan to fight corruption
Manila: An action plan to help Asian nations battle corruption was completed at a recent Asian Development Bank (ADB) meeting and will be offered to interested countries, the bank said.
NATIONAL
Foreign funds shore up share prices to close higher
Mumbai: Share prices on the Bombay Stock Exchange (BSE) closed 0.6 per cent higher on Tuesday on buying by foreign funds in selected stocks and following forecasts of good monsoon rains, brokers said.
Bharti merger to be customer and market driven
Bangalore: Bharti recently announced the restructuring of its Internet, VSAT and Broadband operations to provide a stronger focus on the new challenges of dynamic market requirements and ensure the highest standards of service to customers. The proposed merger of four Bharti companies - Bharti BT Internet, Bharti BT (VSAT), Bharti Broadband and their Holding Company Bharti Telespatiale is expected to come into effect later this year.
Centre agrees to acquire stakes in SBI
New Delhi: The Indian government has agreed to buy the central bank's stake in the public sector State Bank of India (SBI), the country's largest commercial bank, ‘The Economic Times’ reported on Tuesday.
IOC hopes Petronas will participate in Panipat project
New Delhi: Indian Oil Corporation (IOC) is hopeful of Petroliam Nasional Berhad (Petronas) of Malaysia taking equity stake in the proposed Rs 42 billion petrochemical project at Panipat in Haryana.
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