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JSW Energy to invest Rs 40,000 cr in 8,000 MW projects
JSW Energy, the first company to be listed on the bourses in 2010, today said it plans to invest around Rs 40,000 crore in developing power projects of 8,000 MW.

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Commodity bourses must follow PMLA norms: FMC
In order to step up the regulatory grip on commodity derivatives market, Forward Markets Commission (FMC) has recently instructed bourses to ensure compliance of the Prevention of Money Laundering Act 2002 (PMLA) by their members. “This is more of a pre-emptive step to prevent unscrupulous money coming into our (commodity futures) market,” BC Khatua, chairman, FMC, said.

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Investors gain Rs 25 lakh-cr in just five months
Investor wealth has increased by over Rs 25 lakh crore in just over five months from the beginning of the current financial year, on improving sentiments in the domestic and global markets.
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Wipro to hire 5,000, revamp recruitment strategy

IT firm Wipro Technologies today said it will hire 5,000 people in the next couple of months and is looking at a fresh recruitment strategy of taking in graduates from non-engineering institutes. - Crisis unlikely to impact Indian IT vendors - GE Healthcare launches low-cost portable ECG - Wipro expects US IT spend to rise by 2-3% - Reading Raju"s mind - Wipro"s Infocrossing inks deal with Cliffs - Over 2,000 Indian firms adopt Windows 7 "Our strategy is to recruit non-engineering graduates, in addition to engineering and make them fit into the slot. We are still working out the details," Wipro Technologies Joint Chief Executive Officer Girish Paranjpe today said. Refusing to divulge more details for next year"s recruitments and outlook, Paranjpe said it would be a mix of 60 per cent freshers and 40 per cent experienced. Around 5,000 will be taken into the company in a month or two, he said. Last year, the company made offers to as many as 8,500 persons through recruitment drives in colleges and institutions. "We expect clients to make no further cuts in their budgets. We expect 2010 to be a better year than 2009," Paranjpe told reporters here on the sidelines of dedicating renovated Manikonda Lake in Hyderabad facility to the community. He said the new hiring strategies will be worked out in a month or two. Attrition rate in the company stood at 10 per cent. On becoming energy efficient, he said the company is determined to reduce the carbon emission per employee by 45 per cent from the present 3.96 tonnes to 2.5 tonnes in the next five years. "Our power consumption went down by 12 per cent last year and we are planning to set up a micro windmill at our Hyderabad facility soon," Paranjpe said. The company consumes nearly 75 megawatt power from both government and internal sources. He said the company"s exposure in the Gulf market is around 4 per cent and the Dubai financial crisis will have no impact.


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