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Markets firm in morning trades
The markets have opened in the positive, mirroring the gains in the US and firmness across Aia. The Sensex is quoting at 17589, higher by 103 points and the Nifty is at 5254, up 29 points.

Goldman Sachs loses grip on its doomsday machine
Never let it be said that the Justice Department can’t move quickly when it gets a hot tip about an alleged crime at a Wall Street bank. It does help, though, if the party doing the complaining is the bank itself, and not merely an aggrieved customer.

News of the day

Good Knight ad: Dabur challenges HC order
FMCG group Dabur, manufacturer of mosquito repellent Odomos, has challenged a Delhi High Court order dismissing its plea to restrain the advertisement of its rival brand Good Knight.
Online Business

Kotak Mahindra partners OIFC to offer wealth mgt

Kotak Mahindra Group has partnered with Overseas Indian Facilitation Centre (OIFC) to offer wealth management advisory and investment services for NRIs. - Unity Infra up 3 per cent - Loan rejected? no sweat - FMPs in focus as investors rush for tax sops - Equity market harvest seen at new high - Auto, power and banks pay more advance tax in Q3 - "70% of our deals don"t involve western firms" The financial solutions and investment product offerings from the Kotak Mahindra Group are specifically customised to suit the overseas Indian investors" personal finaancial needs, a press release said here. OIFC is a non-profit public private initiative of the Ministry of Overseas Indian Affairs (MOIA) and Confederation of Indian Industry (CII). "This partnership with OIFC will enable Kotak Mahindra Group to reach out and interact with our customers across the globe and showcase our wide range of product and service offerings," Kotak Mahindra Bank"s Group Head - Retail Liabilities and Branch Banking, KVS Manian said. Kotak Mahindra Bank offers specialised financial solutions for the NRI, with investment, forex and remittance services amongst others.


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