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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.

Worst seems to have passed for CV makers
Sales of commercial vehicles (CVs), which were on a decline for over a year, are showing signs of a recovery. Two out of the three CV makers reported an increase in sales last month.

News of the day

Pig iron producers in trouble again
Faced with tremendous margin pressures due to the runaway raw material prices and falling demand from consumer industries, pig iron producers have reduced their production capacity again by 10 per cent effective immediately.
Management

Stimulus packages will have to be withdrawn slowly: Rangarajan

The Prime Minister’s economic panel today said the government and the RBI will have to slowly withdraw the stimulus packages given during the slowdown once the economy begins to show surer signs of recovery. "There should, however, not be a premature withdrawal and the RBI has to guard against re-emergence of inflation," Chairman of the Prime Minister’s Economic Advisory Council C Rangarajan said today in his address to a two-day seminar on "International Financial Crisis and Its Impact on India".


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