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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.

Canon India's revenue from government grows 25%
Canon, the Japanese imaging and printing firm, has grown its revenue from the government vertical by 25 per cent and will end end this calender year with a revenue of Rs 850 crore. The sector was just 15 per cent of its business in 2008. “Although our growth was down to 18 per cent in the first quarter 2009, we will close the fourth quarter with a growth rate nearing 30 per cent. This growth has come from timely remodeling of our India strategy,” said Alok Bharadwaj, senior vice-president, Canon India.

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LG Electronics quits PC manufacturing
LG Electronics Inc, South Korea"s second-largest electronics maker, said today it has stopped the production of personal computers and is fully outsourcing it to local and Taiwanese companies.
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Marico FY09 net profit at Rs 189 cr

FMCG major Marico today said its consolidated net profit for the year ended March 31, 2009 stood at Rs 188.71 crore, while it had a net profit of Rs 169.07 crore in the same period ended March 2008. "During the previous year, the company changed its method of accounting depreciation on factory building. Consequently, the figures for current year ended March 31, 2009 are not comparable with the corresponding previous year figures," Marico said in a filing to the Bombay Stock Exchange.


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