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GlaxoSmithKline to launch up to 12 products this year
Aiming to maintain a growth rate of around 18-22 per cent, FMCG firm GlaxoSmithKline will this year introduce around 10-12 products, including some from the international portfolio of its parent company.

Infosys nos fail to cheer markets
Markets slipped today on investor"s worries that the recent rally can be cut short soon. Better-than-expected results from IT giant, Infosys, also could not cheer up the market.

News of the day

Rift between CM, Reddy brothers widens
The rift between Karnataka chief minister B S Yeddyurappa and his mine-owning ministerial colleagues continued as they stepped up their campaign against a new cess imposed on lorries transporting iron ore. Tourism minister G Janardhana Reddy, himself a mine owner in the ore-rich Bellary district, took the lead in holding parleys with like-minded fellow miners since yesterday to mobilise support against the Rs 1,000 cess on each lorry load of iron ore, sources close to them said here. There are 92 licenced owners of mines in the district and about 40 of them have been carrying on mining.
Public Relations

Indian eco may grow at 7% in FY09-10: PMEAC

On the back of robust economic growth at about 8 per cent in the second quarter of the fiscal, the Prime Minister"s economic panel today said the economy is likely to grow by 7 per cent in the current fiscal. - Nomura revises India"s GDP forecast to 7% - 6.5% GDP forecast for 2009-10 may be revised upward: PMEAC - Crisis not to snowball into another meltdown: PMEAC - Surjit S Bhalla: Climate change - Promises, promises">Surjit S Bhalla: Climate change - Promises, promises - Core sector expands by 3.5% in Oct - Terrorists targeting to disrupt economic growth: govt "We had earlier estimated it (growth) at 6.5 per cent but probably it will be higher than that...It could be 7 per cent," Prime Minister"s Economic Advisory Council Chairman C Rangarajan told reporters on the sidelines of a seminar. Asked when the Council would revise its growth projection for the country, he said, "We brought out the outlook only in October. So we probably will do it in January." The economy clocked a growth of 6.7 per cent in 2008-09, an year when the financial downturn had set in, impacting India as it was other countries. However, belying predictions, the Indian economy grew by a significant 7.9 per cent in the second quarter of this fiscal, up from 6.1 per cent in the previous quarter, essentially due to a good showing by the industry and the services sector. Rangarajan, while commenting on the high growth in the second quarter, had said overall growth figure may have to be revised upward.


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