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India beat China in trust factor in business: survey
Amid rising hopes of global economic turnaround Indians have emerged as an optimistic lot than their Chinese counterparts when it comes to trust in business.

UK plans cutback on public sector salary increases
The British government plans to freeze the salaries of top bureaucrats and offer only minimal increases to other senior workers in an effort to control the country"s spiralling deficit, a treasury official has said.

News of the day

Chiru does a u-turn, resigns as MLA for united AP
Making a u-turn, Praja Rajyam chief Chiranjeevi today announced his decision to resign as MLA and support a united Andhra Pradesh, changing the party"s earlier line of support to separate Telangana state.
Home Business

PNB to raise Rs 700 cr via bonds issue

Public sector lender Punjab National Bank (PNB) today said it will raise Rs 700 crore by issues of bonds. - Govt kicks off talks on bank consolidation - Bajaj Hind EGM on Dec 16 for raising Rs 2,000 cr - Kumar Urban Dev to raise Rs 450 cr through IPO - Norwest Venture Partners raises $1.2 bn for PE fund - Hindalco gets shareholders nod for raising Rs 2,900 cr - Robust show The bank would raise Rs 500 crore by issue of upper tier II bonds, PNB said in a filing to the Bombay Stock Exchange (BSE). Further, the bank would also raise a sum of Rs 200 crore through issue of tier I perpetual bonds, the filing said. The issue would open on November 24 and close on November 25, 2009. Shares of PNB closed at Rs 917.30 on BSE, up 1.97 per cent from its previous close.


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