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TCS takes $135 million of new currency hedges
Currency volatility is a concern for India’s largest information technology company, Tata Consultancy Services (TCS). So much so, that it has taken new hedging positions worth $135 million (around Rs 630 crore) for the quarter ending December 31.

Bengal on a cautious industry drive: Nirupam
Investments of Rs 47,000 crore under implementation

News of the day

Frequent strikes might make Pricol move out of Coimbatore
Leading auto component manufacturer Pricol has said it may be forced to move production units out of the district due to frequent strikes and "non-cooperative" attitude of some workers for the last two years,substantially bringing down its profit margin.
Home Business

ONGC jumps on fuel price hike

The ONGC scrip rose 7 per cent to close at Rs 1,126.45 on fuel price hike. The government raised the price of petrol by Rs 4 a litre and diesel by Rs 2 after market hours on July 1. Following the hike, experts believe that the ONGC"s subsidy burden for the current year would reduce if the crude prices stay at around $70 a barrel. The stock opened at Rs 1,081.1 and made a high of Rs 1,155.7 and a low of Rs 1,076.1. The total traded volumes stood at 1.9 million shares (around 4 times its two-week average).


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