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Matrix, Strides call off merger plan — `No agreement on valuation'
MATRIX Laboratories Ltd and Strides Arcolab Ltd have decided to call off their proposed merger, following the failure to reach an agreement on valuation. This rare development in the Indian corporate mergers arena comes after the boards of ... More

ONGC, L.N. Mittal group ink pacts for energy business
THE State-owned Oil and Natural Gas Corporation and Mittal Investments Sarl, one of the investment arms of the L.N. Mittal group, entered into two memoranda of understanding to form two overseas joint ventures companies - ONGC Mittal Energy ... More

SAT chief quits amid UBS controversy
SEBI to replace counsel; hearing on Aug 2

IN the latest twist to the UBS Securities case pertaining to last year's stock market crash, the Presiding Officer of the Securities Appellate Tribunal (SAT), Mr Kumar Rajaratnam, has resigned from the appellate. Whether the resignation will be ... More

LIC targets 100 pc growth in unit-linked plans
LIFE Insurance Corporation of India expects its unit-linked insurance plans to grow 100 per cent this fiscal, the LIC Chairman, Mr A.K Shukla, told Business Line. Last year, over 35 per cent of LIC's first premium business came from two ... More

Canara Bank Q1 net dips 44 pc to Rs 186.9 cr
CANARA Bank posted net profit of Rs 186.9 crore for the first quarter of the fiscal, down from Rs 336.44 crore in the corresponding period of the previous year. The bank, however, made a provision of Rs 373.40 crore, of which Rs 114.52 crore ... More

Reliance Mutual Fund's ELSS comes with accident cover
WITH Equity Linked Savings Scheme (ELSS) becoming the flavour of the season, Reliance Mutual Fund (RMF) is coming out with an ELSS next week. While the key features of the new offering are similar to that of the existing ELSS from other funds, ... More

`Green' buildings can reduce energy bill by almost half: TERI
THE energy bill in residential or commercial buildings could be reduced by almost half if buildings are designed keeping energy efficiency in mind. The saving in energy requirement of a building could be achieved first at the design stage and ... More



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