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TN launches Power Transmission Corporation
The DMK Government today launched Tamil Nadu Transmission Corporation Limited, setting into motion the trifurcation of the state electricity board in line with the Centre"s directive, even as it said that the three corporations would not be privatised "at any cost."

ITC results bode well for FMCG firms
Fast moving consumer goods (FMCG) companies are likely to register a modest growth for the July-September 2009 quarter on the back of rising consumer demand which is expected to considerably reduce the impact of a disappointing monsoon on sales. Traditionally, summer and winter months make up 30-40 per cent of any FMCG company’s overall sales.

News of the day

Firms put plans on hold in AP
The Telangana agitation has forced several companies including Bharat Forge, Lakshmi Mittal Group and NTPC-BHEL join venture to either put their expansion plans on hold or explore other states.Addressing the media here on Tuesday after a meeting with industry representatives, chief minister K Rosaiah said Bharat Forge, which planned to set up a nuclear power plant equipment unit at Nellore at an estimated cost of Rs 2,500 crore, was considering Gujarat.
Small Business

Era Infra Q3 profit surges 85% to Rs 57 cr

Era Infra Engineering today posted a jump of over 85 per cent in net profit at Rs 57.24 crore for the third quarter ended December 31, 2009. - Godrej Industries Q3 net up eight times at Rs 44 cr - Hero Honda Q3 net soars 78% on strong sales - SBI Q3 net down 8.4% to Rs 3,305 cr - Lloyds Steel Q3 turns profitable - Jet back in black with Rs 106 cr profit in Q3 - Monsanto India Q3 net rises 19% to Rs 15 cr The Delhi-based company"s revenues also grew to Rs 896.18 crore during the October-December quarter of current financial year from Rs 592.18 crore in the same quarter last fiscal, Era Infra said in a statement. "We are connected with various projects of Commonwealth Games in Delhi and this helped us in positive way," Era Infra Chairman and Managing Director H S Bharana told PTI. For the nine months ended Dec 31, 2009, Era Infra posted net profit of Rs 217.21 crore, up 128.78 per cent as against Rs 94.94 crore in the same period last financial year. "We expect good earnings in the last quarter of the current fiscal," Bharana added. On the Bombay Stock Exchange, shares of Era Infra today closed at Rs 203.05, down 0.44 per cent.


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