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Home / Business

Business

IOB to write off over Rs7,000 crore losses from business houses Indian Overseas Bank on Thursday said it will utilise the funds in its share premium account to write off accumulated losses of over Rs6,978 crore at the end of previous fiscal. The share premium account is an equity account on a company’s b

RCom-Reliance Jio deal protects lenders' inte The mega telecom deal involving acquisition of wireless assets of debt-laden Reliance Communications by Reliance Jio is a "good and welcome development" that