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Three ADAG firms under scanner for violating ECB norms: Govt
The government today said three firms of Anil Ambani group - Reliance Infrastructure, Reliance Natural Resources and Reliance Communication -- have violated overseas debt norms.

Over 60 cos await Sebi nod for share sale worth Rs 50,000 cr
Finding the economy and markets back on the recovery path, more than 60 companies are looking to raise an estimated Rs 50,000 crore through sale of shares and awaiting the regulatory nod for the same.

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'Stay Union-Free' seminars thrive on Card-check law
Card-check law sought by labour leaders would make union organising easier.
Small Business

HCL Tech plans to buy OLR

IT firm HCL Technologies today said it is in talks with Australia-based retail software solutions firm OLR for a possible acquisition. - Mastek Q2 net down 24.8% at Rs 23.54 cr - HCL Tech firms up on amalgamation plans - Patni appoints Derek Kemp as President (EMEA) - HCL Tech, Talisma sign strategic partnership - Markets remain sideways - IT firms to report better dollar numbers in Q3 In a joint statement, HCL said it will continue negotiations for acquiring OLR. The financial details of the proposed deal was not shared. Upon successful completion of negotiations, the new HCL-OLR combined business unit will be dedicated to offer solutions for retailers on database software company Oracle"s technology. The two companies expect to complete the negotiation process in the current quarter, the statement added. OLR and HCL have been working together for more than a year and have jointly delivered significant benefits to retail organisations in areas of merchandising, supply chain and replenishment.


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