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Geely boss dismisses 'loser' Toyota
In a sprawling factory south of Shanghai, Li Shufu, the self-made Chinese billionaire who is poised to buy Volvo Car Corp from Ford Motor Co, is presiding over a new-model launch party. If he has any concerns that his Geely Automobile Holdings Ltd’s rising sales and surging stock price could falter, he’s not showing them on that summer day.

Common platform for all MF investments likely from March
Tired of filling several application forms to invest in different mutual fund schemes? Wait till March 2010, and you’ll just click this cumbersome process away.

News of the day

'Disabled employees to get equal insurance benefits'
The Centre today informed the Delhi High Court that differently-abled government employees will be eligible for equal benefits for the postal life insurance policy with maximum limit of Rs five lakh.
International Business

Jaiprakash Q3 net down 39% at Rs 103 cr

Jaiprakash Associates posted a 38.9 per cent decline in its net profit at Rs 103.02 crore for the third quarted ended December 31, 2009. - UltraTech Cement net dips 18% to Rs 196 cr - Marginal rise in RIIL Q3 net - TCS third quarter net up 33.9% - Jaypee commissions HP cement unit - IDBI Bank Q3 net up 29% at Rs 287 cr - TCS Q3 net up 34% at Rs 1,824 cr The company had a net profit of Rs 168.62 crore in the corresponding quarter a year ago, Jaiprakash Associates said in a filing to the Bombay Stock Exchange (BSE). The total income jumped 109% to Rs 2,963.83 crore in the third quarter from Rs 1,416.82 crore in the corresponding period a year-ago. Shares of the company closed at Rs 163.25, down 0.8 per cent on the BSE today.


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