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UCO Bank seeks shareholders' nod for fund raising
Public sector lender UCO Bank today said it will convene a meeting of its shareholders to decide whether it should come out with a follow-on public offer (FPO) or placement of shares to qualified institutional buyers to raise funds.

HSCI launches 2 variants of Honda City
Honda Siel Cars India (HSCI), manufacturer of premium cars in India, today launched two new variants of Honda City- Honda City 1.5V and the new Honda City 1.5S.

News of the day

Mamata dismisses Lalu Prasad's claims on Indian Railways' turnaround
Railway Minister and Trinamool Congress chief Mamata Banerjee today hit her predecessor Lalu Prasad where it hurt him most—on the supposed turnaround of Indian Railways during Prasad’s regime.
Corporate

Hexaware profit jumps three-fold to Rs 41 cr

IT services provider Hexaware Technologies today said its consolidated net profit surged by over three-fold to Rs 41.34 crore for the quarter ended September 30, against the same period in previous fiscal. - Hexaware open to acquisitions in remote infra mgmt, BPO spaces - Hexaware puts 350 employees on 'virtual bench' - Analysts' corner Income from operations declined to Rs 263.15 crore for the latest quarter ended September 30, against Rs 294.61 crore in the same period corresponding year, Hexaware Technologies said in a filing to the Bombay Stock Exchange (BSE). On the standalone basis the company reported a net profit of Rs 36.63 crore for the quarter ended September 30, against Rs 11.04 crore in the same period previous year. Shares of Hexaware Technologies were today trading at Rs 79.90 on the BSE, up 11.36 per cent from its previous close.


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