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Firstsource invests in analytics startup
Sanjiv Goenka-led BPM player Firstsource Solutions has picked up a strategic minority stake in Bangalore-based Nanobi Data and Analytics, reflecting the growing appetite among Indian IT and BPM companies for local startups offering differentiated propositions in the technology space. Facebook Twitter Linkedin Email
 
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To counter Saradha backlash, Mamata Banerjee backs more bank branches
Banerjee announces that her government had started to rent out space in panchayat offices at an annual rent of Rs.1 for banks to open branches. Facebook Twitter Linkedin Email
 
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India Value Fund buys 10% in Biocon subsidiary Syngene
Syngene is said to account for about a quarter of Biocon's revenues of Rs 2,900 crore on an annualised basis.Facebook Twitter Linkedin Email
 
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Reserve Bank of India to do away with need to return paid government cheques to depts
Easing norms to enhance efficiency of cheque clearing system, the Reserve Bank starting next month will do away with the requirement of returning back paid government cheques to the concerned departments. Facebook Twitter Linkedin Email
 

Palm oil import default unlikely despite price fall of $100 to $120 a tonne
The sharp fall in international prices of palm oil, one of India's biggest imports after crude oil and gold, triggered fears that Indian importers would default on their purchase commitments, like they did in the past, but a leading industry authority said this is unlikely. Facebook Twitter Linkedin Email