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I-T Dept gets Rs 2,477 cr more from top 90 firms
With the Indian economy regaining its robustness, the Income Tax Department has collected an additional Rs 2,477 crore from the top 90 advance taxpayers in the third quarter (October- December) this financial year.

Pharma 2009: No medicine to cure adversity
Indian pharma industry found that it had no medicine to cure adversities that came its way in 2009 -- when it battled shipment seizures by EU authorities, tightened US regulations, Chinese drug piracy and currency fluctuations.

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'Challenges are more external than domestic'
The year 2010 will start on a promising note as we have held on to the gains of 2009, even if it means consolidating for the first few months of the year, says Sundaresan Naganath, chief investment officer at DSP Blackrock mutual fund. After having worked with Credit Suisse Asset Management New York and Merrill Lynch Asset Management Hong Kong, Naganath oversees some of the best performing funds such as DSP Blackrock Equity and DSP Blackrock Top 100. In an interview with Vandana and Neha Pandey, he says challenges that markets face are more external than domestic. Excerpts:
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Somany Ceramics PAT doubles at Rs 5 cr in Q1

Somany Ceramics, one of the leading ceramic manufacturer in India, the profit before tax recorded an increase of 105.5 per cent rising to Rs 5.28 crore from Rs 2.57 crore in the same period last year. The company reported an increase of 19 per cent in net sales to Rs 99.59 crore as against Rs 83.75 crore in the corresponding quarter last year. - RCom Q1 net profit rises 8.3% to Rs 1,637 cr - Avon Corp posts Q1 net at Rs 3.38 cr - Nalco Q1 net profit plunges 76% to Rs 126 cr - Whirlpool India reports 13% growth in Q1 - TVS Motor Q1 net surges 150% at Rs 18 cr - Moser Baer India Q1 net profit at Rs 2.76 cr Commenting on the company’s performance, Abhishek Somany, joint managing director, Somany Ceramics, said: “We are satisfied with our performance considering the slowdown in the Indian economy. It has been possible due to our increased focus on value added sales, aggressive marketing and commitment towards setting new standards in quality and design of our products.” Speaking on the future outlook of the company he said, “Forging ahead with our expansion plans, we are enhancing our production capacity by 3 million sq mt at our manufacturing plant in Kasar (Haryana), which would be commissioned by the end of current financial year.”


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