Ministry of Steel appoints GB Joshi as director of NMDC

The Ministry of Steel has appointed GB Joshi, as the director of NMDC Ltd. Prior to this, Mr Joshi was the executive director (personnel) in NMDC, said the company in a regulatory filing.

On Tuesday, NMDC shares declined 0.7% to Rs254 on the Bombay Stock Exchange, while the benchmark Sensex ended flat to close at 18,048 points.

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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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