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Members of India’s rate-setting panel believe that cumulative hike since last May appears sufficient for tackling inflation, increasing the likelihood the Monetary Policy Committee (MPC) will hold rates where they currently are even in the June bi-monthly review.
Incoming Tata Consultancy Services (TCS) CEO K Krithivasan has been mandated to focus on customers, arrest attrition and make the $28 billion IT company an employer of choice in a challenging global business scenario, said highly placed executives close to the development.
State Bank of India has sounded out international banks for a potential $500 million fundraise through a global bond issue, the timing of which has not been decided, according to people aware of the matter.
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