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Friday, October 31, 2014

Equity Tips
IDFC plans to treble headcount in next 11 months
IDFC is planning to treble its headcount in the next 11 months as it prepared to start its banking operations from October 2015.According to Sunil Kakar, group chief financial officer of IDFC, at the group level they currently have about 600 people which shall be increased to 1,500-2,000 by October 15. Kakar added that the bulk of the recruitments shall commence from April 2015.

Tesco's Dunhumby, Future Group to forge JV
Tesco and Kishore Biyani's Future Group may not be partners in retail with the latter having a JV with Tatas for retail. However, that hasn't deterred Future Group in forging a partnership with Tesco-owned data analytics company Dunhumby for its retail operations.

Nokia workers' union holds General Body meeting
Nokia India workers held a general body meeting at Sriperumbudur on Friday, about 50 km from Chennai, to consider the conclusion of Thursday's tripatite meeting in which a severance package was finalised.

Realisation gains for ACC, Ambuja
CC’s performance for the year's third quarter ending September (Q3) was driven by better realisations and was in line with the Street’s expectations.However, volume growth was lower than the expectation, while cost pressures continue. Declining coal prices had increased the expectations on power and fuel costs declining for cement companies.

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