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Jan cement sales in high double-digit
Cement makers today reported double-digit growth in January sales driven by increased demand from housing sector, especially of low-cost homes, and infrastructure.

Fall in exports has slowed, says Sharma
The government today said though the exports affected by the global slowdown are hovering in the negative zone, the slide has slowed.

News of the day

Rice procurement up despite low kharif output
In spite of a 15 per cent decline in the kharif rice output, the government’s rice procurement in the ongoing kharif marketing season is marginally up at 14.85 million tonnes due to an increase in purchase from the ‘grain bowl’ states of Punjab and Haryana even though procurement is down in states like Uttar Pradesh (UP), Andhra Pradesh (AP).
Management

ICICI open to domestic acquisition

India’s largest private sector lender ICICI Bank on Sunday ruled out overseas acquisitions, but said it is open to buying local banks to increase presence and business within the country. “We are not looking at global mergers or takeover or anything. - Markets recover partially - GSS eyes Rs 500 cr turnover in FY 2011 - Sensex spooked by China, CRR hike fears, down 490 pts - Investment to drive growth; India needs $250 bn: ICICI Bank - No immediate increase in interest rates in sight: ICICI - Subhiksha stores to reopen as franchises In a way we are well established in 18 countries and we have a very large network in the 18 countries,” ICICI Bank MD and CEO Chanda Kochhar said.


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