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Popular Articles

LNG terminal to go on stream in 2012
Construction work on the onshore LNG terminal, coming up at Puthuvype, near here will be completed by December, next year.

Tata, Israeli co tie up for aerospace defence
The Tata group, which is setting up a Sikorsky S-92 helicopter cabin manufacturing plant at the Aerospace and Precision Engineering Special Economic Zone at Adibatla near here, has formed a joint venture with Israel Aerospace Industries (IAI) for setting up defence aerospace manufacturing facilities in the same SEZ.

News of the day

Corporate entities, HNIs also get ASBA facility
In a move that may lead to faster primary market issuances, the Securities and Exchange Board of India (Sebi) today said Asba (applications supported by blocked amount) facility would also be extended to non-retail, high net worth and corporate investors. The measure was introduced in Sebi’s scheme of ASBA-II. All investors, except qualified institutional buyers, would be able to apply through the facility, a Sebi circular said.
Small Business

Asian Paints Q3 net surges over threefold to Rs 212 cr

Paint manufacturer Asian Paints today said its consolidated net profit surged over threefold to Rs 211.84 crore for the third quarter ended December 31, over the same period last fiscal. - Godrej Properties net up 16-fold to Rs 18 cr - Allahabad Bank Q3 net down 6% to Rs 345 cr - HCC Q3 net dips 36% to Rs 15 cr - ITC Q3 profit rises 27% to Rs 1,144 cr - Corporation Bank Q3 net up 19% to Rs 305 cr - Reliance Q3 net up 16% to Rs 4,008cr Net sales rose to Rs 1,620 crore for the latest quarter against Rs 1,322.04 crore for the same period previous fiscal, Asian Paints said in a filing to the Bombay Stock Exchange (BSE). For the nine-month period ended December 31, 2009, the company posted a net profit of Rs 669.20 crore against Rs 311.08 crore for the same period last fiscal. Shares of Asian Paints today closed at Rs 1,766.90 on the BSE, down 2.47 per cent from previous close.


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