The NSE Nifty rose to a record high on Monday, moving closer to the 10,000 mark, as market heavyweight Reliance Industries Ltd continued to surge.
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The companies having seen a rise in the top executive pay included Wipro, TCS, Kotak Mahindra Bank, Axis Bank, Bajaj Auto, Tata Steel, M&M, Hero Motocorp, Lupin and Bharti Airtel.
An affiliate of buyout firm Carlyle will buy a 26 percent stake in each of two credit card joint ventures of State Bank of India, the top Indian lender said on Friday.
Claiming to be the first Indian bank to launch such an innovation platform, it said it has successfully mentored six start-ups.
Its total income rose to Rs 4,788.04 crore during the quarter under review, from Rs 4,512.96 crore in the year-ago period, Indian Bank said in a BSE filing.
Mukesh Ambani's Reliance Industries Ltd (RIL) yesterday said its board approved transaction to pick around 25 per cent stake in Balaji Telefilms by acquiring 2.52 crore shares for about Rs 413 crore.
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