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State Bank of India to increase staff strength

State Bank of IndiaState Bank of India is likely to hire 25,000 persons by the end of March. SBI is the top lender of the country, having big network of branches and ATMs across almost all the towns of the country. SBI has presence in other countries as well.

Overseas Filipino remittances remain strong amid global crisis

Overseas Filipino remittances remain strong amid global crisis Manila  - Remittances from overseas Filipinos rose 17.1 per cent in the first nine months of the year despite a slowdown in major economies in the world, the government said Tuesday.

The central bank said remittances totalled 12.27 billion dollars from January to September, compared to 10.47 billion dollars in the same period last year.

In September alone, overseas Filipinos sent home 1.33 billion dollars, up 16.9 per cent from 1.13 billion dollars from a year ago.

Sri Lanka's military destroys seven Tamil rebel boats

Sri Lanka's military destroys seven Tamil rebel boats Colombo  – Sri Lanka's Navy and Air Force jointly destroyed a cluster of Tamil rebel boats off the island's north-eastern coast on Tuesday morning, killing at least six rebels, military officials said.

Fighting broke out after the Sri Lanka Navy's elite Special Boat Squadron (SBS) confronted a cluster of sea tiger boats off Nayaru, more than 370 kilometres north-east of Colombo, shortly before dawn.

The navy destroyed two of the boats while the air force, which were called in to support the sailors, destroyed five of the boats fleeing the area.

IT is optimistic to improve market early

IT is optimistic to improve market earlyThe information technology industry suffered most from the ongoing world economic crisis. But it is still optimistic to recover to high growth rate in coming times. IT sector would use the situation for advantage in next growth cycle.

Kamath seeks more measure to improve liquidity

CII President and ICICI Bank CEO, K V KamathCII President and ICICI Bank CEO, K V Kamath, demanded more measures to improve liquidity conditions in the monetary system of the country. He said that inflation rate is continuously coming down and financial institutions can expect more injection of credit in next policy review of the Reserve Bank.

China rescues 32 miners after 23 hours in flooded shaft

China rescues 32 miners after 23 hours in flooded shaft Beijing  - Rescue workers pulled 32 miners from a flooded coal shaft in central China on Tuesday after they were trapped underground for 23 hours, state media said.

The miners rescued from the Gaomendong mine in Henan's Jiaxian county, near the city of Pingdingshan, were all in poor health and were rushed to a local hospital for treatment, the official Xinhua news agency said.

One other miner pulled out of the shaft had already died and another remained missing, the agency quoted Pingdingshan city government spokesman Dong Yuxi as saying.

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