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Govt withdraws four directors from Satyam board
The Union government has withdrawn four of the six directors appointed by it on the board of Satyam Computer Services Limited. The government has taken this decision following the permission granted by the Company Law Board (CLB) to this effect.

Bulking up
Samsung has got its act together in mobile handsets. The journey forward could be tough.

News of the day

ArcelorMittal may slash 10,000 jobs in 2010: report
The world"s largest steel maker ArcelorMittal may cut 10,000 jobs globally next year and plans to reduce costs in order to regain its lost market share particularly in Europe, a media report says.
Home Business

Nalco Q1 net profit plunges 76% to Rs 126 cr

National Aluminium Company Ltd (NALCO) today reported a fall of 76 per cent in its net profit to Rs 126.45 crore for the first quarter ended June 30, over the corresponding period a year ago. - 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 - ABB Q2 profit drops 36% to Rs 83 cr - Federal Bank Q1 profit jumps two fold to Rs 136 cr - NEWSALERT: Dish TV Q1 net loss at Rs 69.2 cr Total income of the company also fell to Rs 1,036.50 crore during the April-June period of current fiscal from Rs 1,593.70 crore of the same quarter last year, Nalco said in a filing to the Bombay Stock Exchange (BSE). Shares of Nalco today settled at Rs 293.40, up 5.15 per cent from its previous close on the BSE.


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