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Gems and jewellery exports lose shine; decline 24% in May
India"s gems and jewellery exports lost sheen for the eighth month in a row with exports dropping by a sharp 24 per cent to $1.5 billion in May 2009 over the year ago month mainly on account of slump in demand in its major markets like the US and Europe.

Sensex ends down 201pts
The Sensex finally ended (provisional) with a loss of 201 points at 16,993. The NSE Nifty was down 59 points at 4,983.

News of the day

India Cements Q3 net dips 44% to Rs 35 cr
India Cements, a South-based cement maker, has posted a decline of 43.79 per cent in its net profit for the quarter ended December, 2009 at Rs 34.8 crore compared with Rs 61.91 crore in the corresponding previous quarter. The company’s net sales during the quarter stood at Rs 864.12 crore against Rs 754.82 crore last year, up 14.48 per cent.
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SCI Q3 net dips 53% to Rs 87 cr

Shipping Corporation of India (SCI) today reported a decline of 53 per cent in its net profit at Rs 87 crore for the third quarter ended December 31, 2009. - GVK Power Q3 net zooms two fold to Rs 46 cr - Ackruti City Q3 net jumps four fold to Rs 77 cr - J-K Bank Q3 net rises 19% to Rs 139 cr - Kalpataru Power Q3 net up 121% at Rs 44 cr - Man Ind"s Q3 net profit up ten-fold at Rs 30.92 cr - Alok Ind Q3 net profit up 16.5% at Rs 58 crore Total income declined to Rs 982 crore for the quarter ended December 31, from Rs 1,201 crore in the same quarter previous fiscal, SCI said in a filing to the Bombay Stock Exchange.


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