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| National Australia Bank opens first Indian branch |
The National Australia Bank today started branch operations in the country by inaugurating its maiden outlet in the financial capital.
The branch will support existing institutional, corporate and business banking customers and also provide a link for clients looking to expand or invest in its home country with a focus on energy, education and agribusiness sectors, the bank said in a statement here.
“India''s bilateral trade with Australia and New Zealand is rising continually and we believe that the Mumbai branch will help facilitate gre .... |
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| Market |
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Sensex tumbles 290 points in early tradeThe BSE benchmark Sensex plunged nearly 290 points in early trade on Monday, extending losing streak for the fourth straight session, on sustained selling by funds amid a weak trend on other Asian bourses.
The 30-share barometer, which had lost over 488 points in the last three sessions, plunged further by 289.85 points, .... |
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| Corporate |
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Employees in India may get lower salary hike in 2012: SurveyEmployees across corporate India are expected to get a lower average salary hike of 11.54% in 2012 compared to last year as companies are grappling with sluggish economic activities, says a survey.
As per the survey conducted by HR consulting firm Right Step Consulting, the salary hikes for India would decline to 11.54% .... |
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