IT People India to set up nationwide multicommodity exchange

IT People India Ltd, promoter of Universal Commodity Exchange Ltd (UCX), has received an "in-principle" approval from the Ministry of Consumer Affairs to set up a nationwide multicommodity exchange.

IT People India is engaged in promoting software products and solutions to capital and commodities markets and IT consulting services and solutions to companies worldwide.

On Tuesday, IT People India shares gained 4.9% to Rs35 on the Bombay Stock Exchange, while the benchmark Sensex ended flat to close at 18,048 points.

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Assam Company India net profit rises to Rs10.8 crore in Q2

Assam Company India Ltd said its net profit for the second quarter stood at Rs10.8 crore as against Rs9.1 crore in the same quarter last year. During the June 2010 quarter, its total revenues increased to Rs38.4 crore from Rs33.5 crore in the same quarter last fiscal, said the company in a regulatory filing.

Assam Company is a group comprising companies engaged in tea plantation, oil & gas exploration and infrastructure development.

On Tuesday, Assam Company shares declined 1.9% to Rs18 on the Bombay Stock Exchange, while the benchmark Sensex ended flat to close at 18,048 points.

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RPG Life Sciences launches Impulse, strengthens cardio-vascular portfolio

Pharma company RPG Life Sciences, an RPG Group company, launched its third vertical, Impulse, to focus on the growing cardio-metabolic segment of the pharmaceuticals business. This was preceded by the launch of Empathy (neuropsychiatry division) and Neolife (oncology division) last month.

RPG Life Sciences focuses on the cardiovascular segment in India, and includes brands like Aldactone and Spiromide. The cardio-metabolic division, Impulse, will help improve its presence in this segment substantially with a team of 115 people across India. The objective of the division is to help RPG Life Sciences to be amongst the top 20 companies in cardiovascular therapy segment in India by 2015. This will be achieved by launching new products to cater to various therapeutic needs in cardio-metabolic segment and aggressive marketing strategies, said the company in a press release.

On Tuesday, RPG Life Sciences shares declined 1% to Rs98 on the Bombay Stock Exchange, while the benchmark Sensex ended flat to close at 18,048 points.

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