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Koda effect: Govt seeks audit of UBI branches
Taking a serious note of Union Bank of India (UBI) not reporting high-value transactions to it, the government has asked the state-owned bank to immediately carry out an audit of all its branches to check for such large deposits that have gone unreported.

Karnataka second in average internet speed: Akamai
With an average internet connection speed of 1,100 Kbps for the second quarter of 2009, Karnataka has been ranked second in a study of the top 10 Indian states for their average connection speeds. The state has recorded a 32 per cent increase in the average connection speed over last year.

News of the day

AAI seeks assistance from govt for loss making NE operations
The Airports Authority of India is seeking financial assistance from the government for its loss-making operations in the North Eastern region.
Public Relations

Andhra Bank up on expansion plans

Andhra Bank ended at Rs 109, stronger by 1.5%, on the BSE. - Quiet day for markets - Sensex ends up 10pts - Markets unmoved - Markets marginally down - Sensex marginally up in early trades - FIIs net buyers Rs 2,207cr in F&O on Tuesday The stock opened at Rs 109 and touched a high of Rs 110 and a low of Rs 108 during the day. The counter saw total trades of 2.84 lakh shares as against the two-week average of 2.68 lakh shares. _____________________________________ (updated at 1021 am) Andhra Bank is eyeing Rs 3,600 crore business in Vizag. The stock opened at Rs 109, touched a high of Rs 111. The scrip is now trading at Rs 110, up 1.5% from its previous close. The counter has clocked volumes of 0.84 shares on the BSE. The Visakhapatnam zone of Andhra Bank is targeting to end the current financial year with a total business of Rs 3,600 crore.


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