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NIIT Tech net down 12.4%
Delhi-based NIIT Technologies today posted a 12.4 per cent fall in its profit after tax (PAT) for the second quarter ended September 30, owing to a foreign exchange loss of $153 million (around Rs 700 crore). PAT stood at Rs 32.1 crore compared to Rs 36.7 crore in the year ago period. Consolidated revenues, at Rs 226.3 crore, were down 12 .5 per cent year-on-year from Rs 258.7 crore.

Lupin buys cholesterol drug for $39 million
Buys US rights for Oscient Pharma"s Antara.

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Priceless wisdom
While addressing a conference hosted by The Energy and Resources Institute (Teri), its director general RK Pachauri said that Environment Minister Jairam Ramesh would give Teri Rs 1 crore for a campaign to spread awareness about protecting the environment. He then said, “I now request Mr Ramesh to share his wisdom with all of us.” To which , Ramesh replied, “I can only share my wisdom but cannot give you Rs 1 crore.” Before Ramesh could say anything further, Pachauri remarked, “This means now we’ll get Rs 2 crore from the minister. Three cheers for Jairam Ramesh!”
Public Company

JSW Steel's crude steel production doubles in Nov

JSW Steel today said its crude steel production more than doubled to 4.80 lakh tonnes in November. - RSP posts record hot metal, crude steel output - Govt warns JSW-led JV on delay in developing coal block - JSW and JFE Holdings in talks on equity sharing - JSW in talks with JFE Holdings on equity sharing - Bhushan Steel may sell stake to Sumitomo - Severfield-Rowen inks another Indian JV The company"s production of crude steel was 2.15 lakh tonnes in the same month last year, JSW Steel said in a statement. The production of rolled products (flat) increased 94 per cent at 3.15 lakh tonnes in November this year from 1.62 lakh tonnes in the year-ago period, it said. The output of rolled products (long) rose by a steep 197 per cent at 0.68 lakh tonnes this November from 0.23 lakh tonnes in the year-ago period. The company achieved 3.85 million tonnes of crude steel production cumulatively up to November in the current fiscal year, showing a growth of 52 per cent over corresponding period of the last year.


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