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Popular Articles

G20 ministers to talk recovery, climate change
Bolstering the world economic recovery and crafting a deal to fight climate change will be top of the agenda for G20 finance ministers meeting tomorrow in Scotland.

Multiplexes want gap on films' release for DTH
Multiplexes may push for an embargo of up to two weeks on Bollywood producers releasing their films on Direct-to-Home (DTH) television platforms, after the films hit the theatres.

News of the day

Aurobindo gets USFDA nod for two new drugs
Aurobindo Pharma, a Hyderabad-based manufacturer of generic pharmaceuticals and active pharmaceutical ingredients (APIs), has received final approval for Zidovudine tablets in 60mg strength and tentative approval for Lamivudine tablets in 30mg – indicated for the treatment of HIV-I infection in combination with other anti-retrovirals (ARVs) – from the US Food and Drug Administration (USFDA).
Small Business

Religare Enterprises Q3 net dips 52% to Rs 21 cr

Financial services provider Religare Enterprises today said its consolidated net profit declined by 51.80 per cent to Rs 21.4 crore for the third quarter ended December 31, 2009, over the same period last year. - Tata Power Q3 net up 40%, sales drop 17% - GAIL net rises 240% to Rs 860 crore - Sterlite third quarter net jumps 3-fold to Rs 73 crore - Jaiprakash Q3 net down 39% at Rs 103 cr - UltraTech Cement net dips 18% to Rs 196 cr - Marginal rise in RIIL Q3 net Total income decreased to Rs 413.5 crore for the third quarter ended December, against Rs 424 crore in the same period previous fiscal, Religare Enterprises said in a filing to the Bombay Stock Exchange (BSE). On standalone basis, the company has posted a net loss of Rs 4 crore for the December quarter, 15.78 per cent higher from net loss of Rs 3 crore made in the same period last year. Besides, the company"s board has approved the re-appointment of Sunil Godhwani as chief executive officer and managing director of the company. Further, the board has also approved the letter of offer for rights issue. Shares of Religare Enterprises today closed at Rs 394.70 on the BSE, up 0.23 per cent from previous close.


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