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J K Lakshmi January sales up 38%
J K Lakshmi Cement today clocked a 38 per cent increase in sales at 5.06 lakh tonnes for the month of January, 2010.

Abu Dhabi to the rescue
Dubai: Abu Dhabi"s $10 billion bailout of Dubai World will boost confidence and please Nakheel bondholders. But this volte-face won"t restore the credibility lost over recent weeks.

News of the day

Tata Motors Dec sales more than doubles at 51,627 units
The country"s largest auto maker Tata Motors today said its total sales during December last year more than doubled to 51,627 units, up from 25,219 vehicles sold in December 2008.
Business Ideas

JP Morgan Asset Management announces top-level changes

JP Morgan Asset Management today announced the promotion of Christopher Spelman as the chief executive officer (CEO) of its India business and the appointment of Nandkumar Surti as the chief investment officer (CIO). - Positive outlook on investment in India, says survey The company also announced the resignation of its executive chairman Krishnamurthy Vijayan who will leave the company shortly to take up a senior position in another firm. In his new role, Spelman will be responsible for asset management business, including sales and marketing, product development, operations, staffing and budgetary controls, a press release issued here stated. Spelman has been with JP Morgan for over 12 years. Nandkumar Surti, the erstwhile CIO of Fixed Income at JP Morgan Asset Management, will now be the CIO for the entire India asset management business. Surti joined the firm in the year 2006 and has been instrumental in building a strong fixed income business for JP Morgan Asset Management in the country, release added.


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