RBI faces setback on Sikkim Bank amalgamation with Union Bank
The Reserve Bank of India (RBI) will be forced to reopen the beleaguered Sikkim Bank today as the scheme of amalgamation with the Union Bank of India lapsed yesterday.

Cipla targets Rs 700 cr sales in current fiscal
The Mumbai-based Cipla expects to close the current fiscal with sales "slightly in excess" of Rs 700 crore, even as profits are expected to be in the region of Rs 125 crore.

SAIL rejects McKinsey's proposal on arm closure
Steel Authority of India Ltd (SAIL) has decided not to implement McKinsey's recommendation for closure of subsidiary Alloy Steels Plant (ASP) in Durgapur, SAIL officials said.

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