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Bank employees get 17.5% wage hike, pension benefit
SBI unions walk out of pact saying interests not served

When one becomes two
Co-heads: Bankers love to talk about how one plus one is three. But sometimes in investment banks, one plus one equals just one. Morgan Stanley, Credit Suisse and UBS have replaced their sole heads of investment banking in Asia with double-acts in the space of a few weeks. Goldman Sachs’ decision not to replace its departing M&A co-head, leaving one banker in charge of Asian dealmaking, looks positively unfashionable by comparison.

News of the day

No need to press panic button: analysts
The Dubai debt repayment woes have dragged down markets across the globe, but analysts are still optimistic and believe that investors here should not press the panic button instead hold on to their portfolios as the downslide is only momentary.
Public Company

HCL Info partners Sanako for teaching solutions

IT firm HCL Infosystems today said it has partnered with Sanako Corporation for providing education solutions. - Wipro"s Infocrossing inks deal with Cliffs - Indian IT firms eye IAF"s combat aircraft project - HCL Info announces strategy for channel partners, SMEs - Infosys, Nvidia to jointly set up technology centre - ICAI to withdraw proceedings against PW Delhi - Cognizant Q3 income up 21% at $136.57 mn With the joint expertise in serving the educational sector, Sanako and HCL will collaborate for providing learning solutions, HCL Infosystems said in a statement. "The strategic partnership with HCL, a key player in the Indian IT market, will bring teaching in India into the rapidly evolving modern era of learning," Sanako Executive Vice-President Juha Merinen said. The companies aim to provide customers with comprehensive integrated teaching solutions that include modern learning technology, relevant content and localised customer-oriented services. "With increasing global exposure, it is imperative for the Indian education sector to take rapid strides towards inclusive learning," HCL Infosystems Chief Operating Officer J V Ramamurthy said. Finland-based Sanako Corp provides language learning technology.


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