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'Goldman trades should not get US aid'
Goldman Sachs Group Inc, which took $10 billion in US bailout funds last year, shouldn’t get taxpayer support if the firm focuses on trading over banking, according to former Federal Reserve Chairman Paul Volcker.

Commexes turnover jumps by 47.47% till Dec 15 this fiscal
The combined turnover of 23 commodity exchanges in the country surged by 47.47 per cent to Rs 5,174,274 crore till December 15 this fiscal, commodity market regulator FMC said today.

News of the day

Air India to induct 7 independent directors
Cracking the whip to turn around ailing Air India, the government today announced an overhaul of its top management within 30 days by inducting seven independent directors with proven track record on the airline"s board.
Business Ideas

Parsvnath Developers Q1 net dips 81% at Rs 14 cr

Real estate firm Parsvnath Developers today reported a net profit of Rs 13.81 crore for the first quarter ended June 30, a 81 per cent decline over the corresponding period a year ago. The company had posted a net profit of Rs 73.96 crore in the same period last fiscal. - FIIs net buy Rs 367cr, DIIs net sell Rs 287cr - Lanco Infratech ends flat - Markets surge on short-covering - HPCL surges 8% on good Q1 nos - RECL hits new high on 73% jump in Q1 net - Tata Steel rebounds, ends up 3% Total revenue of the realty firm halved to Rs 115.20 crore at the end of the June quarter, from Rs 376.42 crore in the corresponding period a year ago, Parsvnath said. Shares of Parsvnath closed at Rs 117.35, up 1.78 per cent over previous close on the BSE.


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