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Markets buck global trend
The Indian bourses opened on a positive note at 17,200, tracking strong global cues. The index soared to a high of 17,352 but changed course after a robust industrial production data was declared which raised fears that the central bank may need to control monetary policy. The IIP number increased to 10.3% Vs 9.6% (MoM).

Last date for Metro Rail RFQ applications sale extended
The last date for sale and submission of request for qualification (RFQ) applications for the Rs 12, 132-crore Hyderabad Metro Rail project is extended till December 14, 2009, from the earlier November 27.

News of the day

MMRCA trials to begin in Bangalore next week
India"s quest to buy 126 medium multi-role combat aircraft (MMRCA) will shift gear when the flight trials of the six global contenders will begin in Bangalore next week with US major Boeing"s warplane F/A-18 being the first contender.
Home Business

Tulip Telecom Q3 net up 38% to Rs 69 cr

IT solutions provider Tulip Telecom today said its consolidated net profit rose by 38.19 per cent to Rs 68.60 crore for the third quarter ended December 31, over the same period corresponding fiscal. - NHPC turns around, posts Rs 581 cr profit - SCI Q3 net dips 53% to Rs 87 cr - GVK Power Q3 net zooms two fold to Rs 46 cr - Ackruti City Q3 net jumps four fold to Rs 77 cr - J-K Bank Q3 net rises 19% to Rs 139 cr - Kalpataru Power Q3 net up 121% at Rs 44 cr Total revenue rose to Rs 500.86 crore for the latest quarter against Rs 441.78 crore for the same period previous fiscal, Tulip Telecom 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 195.20 crore against Rs 144.79 crore for the same period last fiscal.


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