Briefly World: Indian Overseas Bank seeks R2,100 cr from government

Indian Overseas Bank (IOB) has sought capital support of Rs 2,100 crore from the government for enhancing its capital base.

Written by Press Trust Of India | Published: August 29, 2013 2:06 am

New Delhi: Indian Overseas Bank (IOB) has sought capital support of Rs 2,100 crore from the government for enhancing its capital base. “We have requested government to infuse Rs 2,100 crore so that our Tier I capital reaches 8 per cent,” IOB chairman and managing director M Narendra said.

GM to hike prices by up to R10K from Sept

NEW DELHI: General Motors India on Wednesday said it will hike prices of its three models —

Beat,SAIL and multi-purpose vehicle Enjoy — by 1.5 per cent,which translates to a range of Rs 2,000 to Rs 10,000.

WNS appoints Sanjay Puria as CFO

NEW DELHI: BPO major WNS has said it has appointed Sanjay Puria as its chief financial officer (CFO). Puria replaces Deepak Sogani,who has stepped down from his position for personal reasons. He had joined WNS in December last year.

EPFO to give updated accounts online

NEW DELHI: EPFO is all set to launch a facility to provide online updated account statements on real-time basis for its over 5 crore subscribers soon after the Monsoon session of Parliament.

Govt refutes Novartis’ allegations on patents

NEW DELHI: Tearing into the allegations made by Novartis on India’s ‘discriminatory’ patent practices,the government has said global firms,including the Swiss drug major,have benefited more from the country’s rules cornering over 80 per cent of the patents granted.

SFIO submits interim report on Saradha

NEW DELHI: The Serious Fraud Investigation Office (SFIO) has submitted to government an interim report on alleged fraudulent money pooling schemes being run by 54 entities,including Kolkata-based Saradha group.

Titan Industries is now Titan Company

Bangalore: Titan Industries on Wednesday unveiled its new corporate identity by rechristening itself as Titan Company Limited. It will also make foray into helmet and fragrances sectors.

Sebi tightens ‘conflict of interest’ rules

Mumbai: To ensure fair treatment to all investors and companies,Sebi has asked stock exchanges,rating agencies,brokers,depositories and other market entities to put in place a strong system to manage any conflict of interest.

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