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Popular Articles

Cotton prices reach peak levels on low demand
Cotton prices across the country have seen an unabated rally in the last one and a half months due to international and domestic buying as well as tight supply in the global market. The prices of various benchmark varieties have touched peak levels of the season.

Rio Tinto to sell Alcan Composites for $349mn
Anglo-Australian mining giant Rio Tinto today said it will sell building products maker Alcan Composites to Swiss firm Schweiter Technologies for $349 million.

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Vijaya Bank's authorised capital doubles to Rs 3,000 cr
Bangalore-based public sector lender, Vijaya Bank has informed the Bombay Stock Exchange (BSE) that its authorised capital has been increased from Rs 1,500 crore to Rs 3,000 crore. The bank has a network of 1,132 branches in the country.
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Federal Bank denies acquisition by IDBI Bank

Kerala-based Federal Bank today denied reports on a takeover move on the bank by IDBI Bank which appeared in a section of the local print media. In a statement issued, the bank clarified that the reports are factually incorrect. - IDBI Bank homes in on Federal Bank for acquisition - IDBI Bank zeroes in on Federal Bank for acquisition - Low rates help banks post robust growth - IDBI Bank Q3 net up 29% at Rs 287 cr - Cash-strapped IDBI Bank seeks capital rejig - IDBI Bank moves ahead on bank buy It further said that the Federal Bank has not been approached in this regard by IDBI Bank nor has any due diligence been carried out. Reports in a section of the media indicated that IDBI Bank has ‘zeroed in’ on Federal Bank and that the due diligence process in this regard had been completed.


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