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Balrampur Chini Sept quarter net jumps 193%
Balrampur Chini Mills, one of the leading sugar producers of the country, has posted a rise of 193 per cent in its net profit at Rs 42.73 crore for the quarter ended September compared with Rs 14.58 crore in the corresponding quarter last year. The company"s net sales during the quarter, however, decreased around 8 per cent to Rs 378.9 crore from Rs 411.72 crore. generic levitra

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Insurers wait yet another year for increase in FDI
The year 2009 saw insurance firms waiting for easing of foreign direct investment (FDI) norms, just as they have done every year for the last five years, but there is promise of the law being amended to this effect next year.

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Bank of Maharashtra Q4 net jumps two-fold
Public sector lender Bank of Maharashtra today said its net profit grew over two-fold to Rs 137.33 crore during the fourth quarter of 2008-09 over the corresponding period a year ago.
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Shipping Corp in tie up with MSC for Europe service

Shipping Corporation of India (SCI) has entered into an agreement with Geneva-based Mediterranean Shipping Company (MSC) to run its European service. - EM inflows on the rise - Indian stocks best performers among emerging market - Piramal Life Sciences to invest Rs 200 cr in R&D - Cong open to all like-minded parties for alliance: Scindia - India loses weight in MSCI India Index - Web Special: Changes to MSCI India Index constituents The Indian company signed the agreement after four of its partners in the European service withdrew because of fall in trade. "We are continuing our European service with Mediterranean Shipping Company after our old partners withdrew," SCI Director J N Das told PTI. ZIM Israel, Yang-Ming Lines of Taiwan, MISC of Malaysia and K-Line of Japan are the SCI partners who withdrew. SCI has deployed four vessels while MSC has deployed three vessels for the European service. The rotational service begins from Jawaharlal Nehru Port and goes to Mundra, Salalah, Barcelona, Hamburg, Rotterdam, Jeddah and Colombo. A round trip from Jawaharlal Nehru Port takes 49 days. According to estimates in 2008-09, container growth was 3.5 per cent against 10 per cent in 2007-08. Trade rate to Europe has fallen from $1,400 six months ago to $250 now per container. For Dubai, the rate has crashed from $500 per container to $50. The agreement was signed on May 17.


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