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ADAG welcomes govt's move to secure NTPC interests
Anil Dhirubhai Ambani Group (ADAG) firm Reliance Natural Resources (RNRL) today welcomed the government"s move to protect NTPC"s interest on sourcing gas from Reliance Industries, saying effective legal steps will defeat the Mukesh Ambani firm"s "malafide attempts to dishonour" its commitment.

Asian Paints Q3 net surges over threefold to Rs 212 cr
Paint manufacturer Asian Paints today said its consolidated net profit surged over threefold to Rs 211.84 crore for the third quarter ended December 31, over the same period last fiscal.

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MCA asks Sebi to provide details of RIL probe
The Ministry of Corporate Affairs (MCA) has asked the Securities and Exchange Board of India (Sebi) for details of its investigation pertaining to Reliance Industries Ltd (RIL). The market regulator had acted on a complaint that RIL had allegedly routed funds to dummy companies to buy its own shares nine years ago.
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Mahindra Satyam appoints Vadrevu for strategic initiatives

Mahindra Satyam, the rebranded Satyam Computer Services, on Thursday announced the appointment of Vijayanand Vadrevu as the senior vice president – strategic initiatives. - Special court to hear Satyam case - Mahindra Satyam to position itself as ICT company - Satyam"s virtual pool staff to get no pay after Dec 18 - Indian cities still hot for outsourcing - Mahindra Satyam secures Rs 38 cr order - TechM Q2 net dips 44% In his new role, Vadrevu will be assisting the chief executive officer (CEO), in providing leadership on “strategic initiatives” to Mahindra Satyam, and will play a key role in scripting the growth plans of the organisation. Vadrevu, who holds a masters degree in computer engineering from IIT-Kharagpur, has spent more than six years in the US in a number of client facing and practice building roles. He was with Wipro Technologies for over 17 years. “Vijay is a critical addition to the leadership team at Mahindra Satyam, and his role will be very significant in providing a strategic direction to the organisation to achieve long-term objectives,” Mahindra Satyam CEO C P Gurnani stated in a press release.


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