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Business
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PCBs ride on savings certificates rate cut
Post 26pc growth in deposit, profit in 2003-04
The gradual trimming of interest rates on savings instruments have generated renewed interest among investors to switch to private commercial banks (PCBs) that resulted in a deposit growth of 26 percent
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Infosys moves to Shanghai, to develop China as hub
While around 75 percent of the world market for global off shoring of IT services are currently with India, experts anticipate this share will drop to between 50 and 60 percent over the next few years.
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Islami Bank opens branch at Bogra
Islami Bank Bangladesh Limited (IBBL) has opened a new branch at Dhupchanchia in Bogra.With this the total number of branches of the bank stands at 143.
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City Bank now corporate client of CityCell
The City Bank Limited has become a corporate client of CityCell.An agreement to this effect was signed between the two organisations in Dhaka on Sunday, says a press release.
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GE aims to take stake in Snecma
US conglomerate General Electric is hoping to take a stake in French aircraft engine maker Snecma at the end of the year or in the beginning of 2005, a GE executive said Monday at the Farnborough AirShow
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ABB India's net profit soars 39pc
The Indian arm of Swiss-Swedish engineering giant ABB said Tuesday its second quarter net profit rose 39 percent on year due to strong growth in its power business.
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Malaysia sees over 5.5 growth for 2004-05
Malaysia's economy is expected to meet the official growth forecast of 6.0-6.5 percent this year and expand at more than 5.5 percent next year, the government said Tuesday.
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Novartis net profit rises 19pc
The Swiss pharmaceutical group Novartis on Tuesday reported a 19 percent rise in first-half net profit to 2.84 billion dollars (2.
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