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Why is LIC bailing out a private firm (IL&FS)?

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It never ceases to amaze me as to why everyone looks to the Life Insurance Corporation (LIC) for a handout when the chips are...

ED arrests Karvy stock broking CMD Parthasarathy, CFO Hari in swindling...

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Karvy group's CMD, CFO conspired to transfer borrowed funds, says ED The Enforcement Directorate (ED) on Thursday arrested Karvy Stock Broking Limited (KSBL) CMD C...
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