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India Eco Summit: More private investment in farming needed
A government that limits its role to regulation would be a great enabler for agricultural growth.

Tata Motors net at Rs 400 crore
Robust festive demand and new launches helped the country’s largest automotive company, Tata Motors, to swing to a third-quarter net profit of Rs 400 crore. The company had made a net loss of Rs 263 crore in the three months ending December 2008.

News of the day

Krishna arrives in Myanmar to participate in BIMSTEC meet
External Affairs Minister S M Krishna arrived here today to attend the meeting of the seven-nation BIMSTEC that will focus on jointly combating terrorism and promoting free trade. "We have already identified 14 areas of cooperation which include health, energy, technology, human resource development, trade, tourism and culture," Krishna told reporters accompanying him to Myanmar.
Home Business

Sterlite Tech Q2 net jumps nine-fold to Rs 54.67 crore

IT firm Sterlite Technologies today said its net profit jumped nearly nine-fold to Rs 54.67 crore for the second quarter ended September 30, 2009, over the same period last year. - Sterlite Technologies Q2 net jumps nine-fold to Rs 54.67 cr - Mastek net down 35.8% Y-o-Y - Govt okays 13 FDI proposals worth Rs 393 cr - Sterlite Tech Q1 Net up 5-fold; shares rise 5% - Sterlite Technologies wins Rs 372 cr BSNL contract - Sterlite Technologies to invest Rs 250 cr for optical fibre Net sales declined to Rs 465.83 crore in the latest quarter from Rs 665.56 crore in the same period last fiscal, Sterlite Technologies said in a filing to the Bombay Stock Exchange. "Despite very difficult market conditions faced in recent months, our results are in line with our forecasts. The trend in both telecom and power sectors continue to point towards good growth in terms of volumes for our core products — optical Fibre and Power Conductors,” Sterlite Technologies Director Pravin Agarwal said. Shares of Sterlite technologies today closed at Rs 312.95 on the BSE, down 0.90 per cent from its previous close.


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