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Popular Articles

SBM net drops 22.6% in Q3
Despite a 55.44 per cent rise in its net interest income, the Bangalore-based State Bank of Mysore (SBM), an associate bank of SBI, has posted a 22.6 per cent drop in its net profit to Rs 141.31 crore for the third quarter ended December 31, 2009 compared to the corresponding quarter last year. Its total income for the quarter stood at Rs 995.07 crore, a marginal drop of 5.3 per cent compared to the same quarter a year ago.

Bharti acquires 70% stake in Warid Telecom
Telecom major, Bharti Airtel, has announced that it has agreed to acquire 70% stake in Bangladesh-based, Warid Telecom. Bharti plans to make $300 million fresh investment in the company, thus taking the overall investment to $1 billion. The new funding will be for capacity expansion, coverage and innovative products.

News of the day

J K Lakshmi to invest Rs 1,600 cr on expansion
J K Lakshmi Cement will invest about Rs 1,600 crore over the next three years on expansion, which includes setting up of a 2.7 million tonnes greenfield manufacturing plant in Chhattisgarh.
Home Business

Murthy's fund to kick off in March

Catamaran Venture Fund, promoted by Infosys Technologies Chairman and Mentor Narayan Murthy will be active for investments from March 2010. “I am in touch with many of the entrepreneurs. Many of them have sent me their business plans. We are waiting for our office to be ready. From March onwards, we will be much more active,” said Murthy at the sidelines of the TiE Entrepreneurial Summit 2009.


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