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Oil Refineries Ltd has announced that as part of the Company's work plan and 2013 , the Company will implement efficiency measures, improvements and savings in various fields of activity, according to reports.
Reports said that the Company's Chairman and Vice Chairman announced their initiative and decision to give up 10% of the management fees to which they are entitled, for the year 2013.
The Board also decided to approve an early retirement plan for dozens of the Company's employees, during the year 2013, report says.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.