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Popular Articles

Taro acquisition may cost Sun Pharma Rs 1,000 cr
Indian drug firm Sun Pharma may have to shell out up to Rs 1,000 crore this fiscal for acquiring Israel-based Taro Pharmaceuticals.

Go for power IPOs only with a long-term horizon
Retail investors’ response to initial public offers (IPOs) from the power sector have been tepid. The Adani Power IPO, subscribed 21.64 times in all, was subscribed 2.97 times by retail investors. Indiabulls Power was subscribed 21.84 times overall, but only 1.09 times by retail investors. JSW Energy saw retail investors place bids for 32.7 million shares of the 81 million reserved for them.

News of the day

Flavour of India at Obama's first State Dinner
It was a taste of India at President Barack Obama"s First State Dinner, where he welcomed Prime Minister Manmohan Singh in Hindi and treated him to a range of vegetarian delicacies, including dishes prepared with herbs from the White House kitchen garden.
Home Business

DA hike for section of CPSE employees

The government has announced a five percentage point increase in dearness allowance effective from July for employees of the public sector enterprises that follow the Central Dearness Allowance pattern. - Govt hikes DA to 22% The Department of Public Enterprises has cleared the proposal for enhancing the existing rate of DA from 22 per cent to 27 per cent. "These rates may be made applicable in the case of CDA (Central Dearness Allowance) employees, whose pay have been revised with effect from January 1, 2006," The DPE said in a circular. However, only 69 CPSEs out of 242 follow the CDA pattern. As many as 96 per cent of the total 15 lakh people employed in all Central Public Sector Enterprises are paid the Industrial Dearness Allowance (IDA).


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