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ONGC doubles oil production at Imperial to 16,000 bpd
Set to turn the company around this year.

RIL cautions NTPC on commenting on sub-judice matters
Reliance Industries (RIL) has cautioned that NTPC should not make comments on matters sub-judice lest they are construed as attempt to influence the outcome of its court case seeking natural gas at price committed in 2004.

News of the day

Grasim Ind consolidated net up 56%
Grasim Industries, part of the Aditya Birla Group, has posted an increase of 56 per cent in its consolidated net profit for the quarter ended December, at Rs 715 crore compared with Rs 460 crore in the corresponding previous quarter. The company"s consolidated net revenue grew to Rs 4,844 crore, up 5 per cent during the period from Rs 4,610 crore last year.
Small Business

JK Bank net profit rises 19%

Jammu and Kashmir (J&K) Bank has posted over 19 per cent rise in net profit at Rs 139.99 crore for the third quarter of 2009-10 on the back of high non-interest income. The bank had registered a net profit of Rs 120.67 crore in the same quarter last year, a J&K Bank spokesman said today. Operating profit increased by 31 per cent during the same period. - KVB net profit jumps 28% - City Union Bank net up 26.55% - Bank of Maharashtra net down 7% - Syndicate Bank net dips 42.6% to Rs 205.72 cr - RCom Q3 Net falls 19% to Rs 1,165 cr - Great Offshore Q3 net dips 14% to Rs 49 cr Income earned by the bank other than interest doubled to Rs 95.81 crore during the quarter under review from Rs 39.39 crore earned in the quarter ended December 2008. The boost in the income came primarily from earnings on commission or exchange and profit on investments, he added.


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