Retailer Trent Ltd, part of the diversified Tata Group, said on Thursday its Managing Director Noel Tata will step down effective Aug 12 to take over as MD of Tata International Ltd.
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Trent's Noel Tata to step down as MD from Aug 12
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Oil India has $2 bn budget for foreign buys
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State-run explorer Oil India Ltd has set aside $2 billion for overseas acquisitions, its head N M Borah told reporters on Thursday.
Siemens posts 40% rise in Q3 operating profit
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German engineering conglomerate Siemens raised its full-year forecast and posted a better-than-expected 40 per cent rise in third-quarter operating profit, thanks to cost cuts and a weaker euro that helped boost exports.
Essar Oil in talks for Shell's European refineries
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Essar Oil is still in talks to acquire three of Royal Dutch Shell's European refineries, a top company official said on Thursday.
Vodafone Essar IPO plans at initial stage: Essar CEO
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Plans for an initial public offering by No 3 Indian telecoms firm Vodafone Essar is in a preliminary stage, the chief executive of Essar Group, Prashant Ruia, said on Thursday.
Asia stocks up on earnings; dollar hits 3-mth low
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Robust quarterly earnings from Europe drove world stocks higher on Thursday, while the dollar hit a three-month low on the back of weak US data and a downbeat assessment of the economy from the Federal Reserve.
Central Bank launches CentFast2India for e-transfer of funds
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Public sector lender Central Bank of India has launched a channel CentFast2India for remitting funds online from the United States to India.
Engineers India FPO oversubscribed 1.56 times
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The follow-on offer of the state-owned Engineers India Ltd (EIL) has received good response from institutional investors and the issue has been oversubscribed 1.56 times by the third day today.
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