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FinMin seeks report on dredging subsidy for Kolkata, Haldia ports
Kolkata Port Trust has run into fresh trouble, with the Union ministry of finance seeking a detailed report of operations at the Kolkata and Haldia Dock complexes, to gauge whether it is viable to continue to extend dredging subsidy.

'Reliance not cooperating in mill takeover'
The Mukesh Ambani-led Reliance Industries (RIL) is not responding positively in connection with the contract awarded to it for revival of the closed sugar mill at Motipur in Bihar"s Muzaffapur district, according to state Industry minister Gautam Singh.

News of the day

RBI stimulus exit has to be gradual: Gokarn
The Reserve Bank Deputy Governor Subir Gokarn today said exiting from the accommodative monetary policy has to be a gradual process and cannot be done at a single stroke.
Corporate

UTV Software Comm Q4 net down 40% at Rs 11 cr

Media and Entertainment Group UTV Software Communications today said its consolidated net profit for the fourth quarter ended March 31, 2009, slipped by 40.16% to Rs 11.22 crore. The company had a net profit of Rs 18.75 crore in the same quarter ended March 31, 2008, UTV Software Communications said in a filing to the Bombay Stock Exchange.


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