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Popular Articles

Rupee to strengthen in coming days: ICICI Prudential
The rupee is expected to appreciate in the near future, a leading mutual fund industry official said.

RCom forays into handset distribution biz
Reliance Webstore, the retail arm of Reliance Communications, today said it has forayed into handset distribution and plans to have a network of 10,000 outlets across the country in the next three years.

News of the day

The treatment
YouTube movies: Google is taking YouTube to Hollywood. The film business might help address the internet video site’s biggest problem – it loses money. Sure, it generates huge amounts of traffic. But it costs serious money to set up and run the server-farms that allow anyone anywhere to watch that adorable cat play the piano. And advertising revenues have been in short supply.
Management

Reliance Power profit rises 26%

The Anil Dhirubhai Ambani Group’s Reliance Power today reported a 26.45 per cent rise in its third quarter consolidated net profit at Rs 133.64 crore, against Rs 105.68 crore in the year-ago period. - PTC Q3 net dips 33% to Rs 15 cr - Oracle Financial Services Q3 net dips 14% to Rs 227 cr - Glenmark Pharma net up 15.5% - Lupin"s consistent growth continues - Apollo Tyres net, sales surge - GMR Infra net down 85% Its consolidated total income rose to Rs 179.15 crore for the December quarter from Rs 131.30 crore a year ago, Reliance Power said in a filing to the Bombay Stock Exchange. On a standalone basis, the company posted a net profit of Rs 61.13 crore during the third quarter of this financial year, while it was at Rs 107.07 crore during the same quarter last year. Shares of Reliance Power today settled at Rs 145.95, up 0.86 per cent on the BSE.


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