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BoB may close 50 loss-making branches

In an exercise to cut cost, Bank of Baroda (BoB) has identified 50 loss-making domestic branches for closure.

Rise in outstanding positions, funds shortage push up badla rates to 40%

Badla rates flared up on the Bombay Stock Exchange (BSE) on Saturday as a rise in outstanding positions coupled with shortage of funds provided the trigger.

MTNL plans to drag TRAI to court over delay in nod for cell foray

Mahanagar Telephone Nigam Ltd (MTNL) plans to take the Telecom Regulatory Authority of India (TRAI) to court over the delay in clearing its cellular phone service based on the wireless in local loop (WLL) technology.

NDA 37 short of majority -- DD Exit poll

The BJP-led National Democratic Alliance (NDA) is likely to get 235 out of 418 Lok Sabha seats for which four phases of elections have been completed. This is the projection of the exit poll conducted by the Development and Research Services (DRS).

US firms to pay the price for fewer WB, ADB loans to India

India stands to lose $3.5 billion of loan from the World Bank and Asian Development Bank (ADB) this financial year owing to economic sanctions imposed by the G-8 countries in the aftermath of the Pokharan nuclear tests.

Indian overturns Adam Smith's theory

Most large companies today are run by managers who typically own only a small fraction of their company. This can lead to agency problems i.e. the possibility that managers may take decisions in their own interest and not in the interest of the shareholders.