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Moneylife Digital Team 29 April 2011
JSW Energy reported a 25% fall in net profit at Rs205.79 crore in the fourth quarter ended 31 March 2011 due to contraction in margins on account of increase in fuel prices Private power utility JSW Energy said it has posted a 25% fall in net profit at Rs205.79 crore in the fourth quarter ended...

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Moneylife Digital Team 29 April 2011
Manappuram General Finance & Leasing net profit for the financial year 31 March 2011 increased by 136% to Rs282.66 crore compared to Rs119.72 crore for FY09-10 Kerala based gold loan NBFC, Manappuram General Finance & Leasing said that its net profit for the financial year 31 March 2011...

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Moneylife Digital Team 29 April 2011
RPG Life Sciences has clocked a 15.2% growth in its net sales at Rs184.19 crore in FY11 against Rs159.85 crore in the year-ago period RPG Life Sciences said that it has clocked a 15.2% growth in its net sales at Rs184.19 crore in FY11 against Rs159.85 crore in the year-ago period. Its...

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Moneylife Digital Team 29 April 2011
Global Offshore Services standalone net profit for the financial year ended 31 March 2011 stood at Rs42.92 crore compared to Rs40.71 crore for the last fiscal Global Offshore Services (formerly Garware Offshore Services) said that its standalone net profit for the financial year ended 31...

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Moneylife Digital Team 29 April 2011
BASF India profit after tax increased to 22% to Rs117.83 crore for the financial year 2010-11 compared to Rs96.81 crore for the previous year BASF India said that its profit after tax increased to 22% to Rs117.83 crore for the financial year 2010-11 compared to Rs96.81 crore for the previous...

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Moneylife Digital Team 29 April 2011
The company’s total expenditure in the January-March 2011 period increased to Rs520 crore compared to Rs442 crore in the previous corresponding period New Delhi: Cement and jute maker Birla Corporation has posted a 54.14% decline in net profit at Rs63.04 crore for the quarter ended 31 March...

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Moneylife Digital Team 29 April 2011
Dismissing allegations of discrimination made by the ruling BJD government headed by Naveen Patnaik, Jairam Ramesh said it was not true that his ministry adopted different yardsticks for projects in Orissa and Polavaram in Andhra Pradesh Bhubaneswar: Rejecting the ruling BJD’s allegation of...

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Moneylife Digital Team 29 April 2011
As per the plan, 38 million metric standard cubic metres per day (mmscmd) of gas would be supplied to both India and Pakistan for 30 years while 14 mmscmd would be bought by Afghanistan New Delhi: Side-stepping security concerns, India on Thursday finalised most of the terms on which it plans...

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Moneylife Digital Team 29 April 2011
The 9.5% rate was announced in September effective for 2010-11. But subscribers settling their claims this year will retain the gains if the new rate is lower and claim the difference if the new rate is higher New Delhi: Subscribers of Employees’ Provident Fund Organisation (EPFO), which...

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Moneylife Digital Team 29 April 2011
Analysts have estimated a 25 basis point hike in key interest rates by the RBI next week The domestic market is likely to open sideways today on mixed cues from the Asian region, following a slower first quarter economic growth in the US. However, markets in the US closed with good gains on...

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Moneylife Digital Team 28 April 2011
The indices slipped below important levels today. A bullish trend reversal happens above 5,800 on the Nifty The market closed lower for the fourth consecutive day on fears that the Reserve Bank of India (RBI) will hike key rates at its monetary policy meeting next week, following...

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Moneylife Digital Team 28 April 2011
Gold is making new highs, so fund houses are queuing up to launch gold saving schemes which will enable retail investors to park their money in gold ETFs. But such schemes carry hidden costs—and if you are risk-averse, you should not be betting on gold remaining at such exorbitant levels

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Moneylife Digital Team 28 April 2011
Exide Industries posted a 22% jump in its net profit to Rs164 crore in the fourth quarter ended 31 March 2011 compared to the same quarter previous fiscal Battery maker Exide Industries today posted a 22% jump in its net profit to Rs164 crore in the fourth quarter ended 31 March 2011 compared...

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Moneylife Digital Team 28 April 2011
The draft indicts the prime minister and the PMO for giving an "indirect green signal" to Mr Raja for going ahead with his policies. It also attacked the then finance minister P Chidambaram for recommending to the prime minister to "treat the matter as closed" instead of taking action against...

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Moneylife Digital Team 28 April 2011
Hexaware Technologies reported a consolidated net profit of Rs53.83 crore for the quarter ended 31 March 2011, vis-a-vis the same period last year Software services firm Hexaware Technologies today reported a consolidated net profit of Rs53.83 crore for the quarter ended 31 March 2011,...

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Moneylife Digital Team 28 April 2011
LIC Housing Finance reported fourth-quarter stand-alone net profit of Rs314.77 crore, up from Rs213.51 crore for the quarter ended 31 March last year LIC Housing Finance Ltd reported fourth-quarter stand-alone net profit of Rs314.77 crore, up from Rs213.51 crore for the quarter ended 31 March...

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Moneylife Digital Team 28 April 2011
Board proposes dividend of Rs16.50; stock slips by 5% in late afternoon session Mumbai: Bank of Baroda has recorded a 43% increase in net profit at Rs1,294.30 crore in the fourth quarter ended 31 March 2011, against Rs906.20 crore in the corresponding previous quarter. The bank informed...

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Moneylife Digital Team 28 April 2011
Punjab National Bank intends to finalise the partner for its life insurance foray by June The country second largest public sector lender, Punjab National Bank (PNB) intends to finalise the partner for its life insurance foray by June. "We hope to finalise the partner this quarter," Punjab...

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Moneylife Digital Team 28 April 2011
Oriental Insurance Company is working on a no frills policy to keep the premium low for the lower middle class group State-owned Oriental Insurance Company is working on a no frills policy to keep the premium low for the lower middle class group. The company has come up with this policy to...

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Moneylife Digital Team 28 April 2011
Private life insurance sector saw a decline of 4% to Rs30,451 crore in the first year premium income during the 2010-11 fiscal The private life insurance sector saw a decline of 4% to Rs30,451 crore in the first year premium income during the 2010-11 fiscal. As many as 10 companies, of the...

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