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Govt moves to end cane price politics
Raising the price at which sugar mills are mandated to purchase sugarcane from farmers, over that fixed by the Centre, could punch a hole in the pockets of states. The Union government has said that anything that the state mandates above the centre-assigned price will have to be paid by the state.

Bank of Maharashtra net down 7%
Public sector lender Bank of Maharashtra reported a 7 per cent drop in net profit to Rs 112 crore for the quarter ended December 2009 against Rs 120.6 crore in the year-ago quarter. Net interest income, or the difference between interest earned and interest paid, grew 5 per cent to Rs 361 crore from Rs 343 crore in the December 2008 quarter.

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Rudy in damage-control mode over Jharkhand remark
Bharatiya Janata Party (BJP) leader Rajiv Pratap Rudy had egg on his face today over his earlier statement that as the BJP did not get the mandate to rule in Jharkhand it should sit in the Opposition.
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BoB down 1.5% despite good FY09 nos

The stock slipped to a low of Rs 429 and finally ended down 1.5% at Rs 434. The counter witnessed trades of 272,562 shares on the BSE today. ____________________________________________________ FIIs net bought Rs 737 crore in F&O on Monday F&O OUTLOOK: Downside limited from current levels US markets end in the green The stock opened up Rs 5 at Rs 445. However, it is flat at the moment at Rs 441. Around 156,557 shares have been traded on the counter so far. Bank of Baroda has informed the BSE that the consoliated net profit has increased 54% to Rs 2,384.08 crore in the year ended March 31, 2009 from Rs 1,548.38 crore in FY08. The total income is up 28% at Rs 18,297.91 crore from Rs 14,306.67 crore.


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