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Sivasankaran
in pact to sell TMB shares
Chennai: Representatives of the Nadar community
entered into an agreement yesterday with Mr C. Sivasankaran,
Chairman of Sterling group, to buy 34 per cent of the
equity of Tamilnad Mercantile Bank from him.
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India
pre-pays ADB loans
Mumbai: India has pre-paid a portion of its foreign
currency loans to the Asian Development Bank amounting
to 123.11 billion Japanese yen (Rs 5,294.84 crore).
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Ramesh
Gelli back in GTB Board
Mumbai:
The board of Global Trust Bank yesterday approved the
proposal for inducting Ramesh Gelli to the bank's board.
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