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Reliance Petroleum posts Rs 105 cr profit in Q1
Mukesh Ambani-promoted Reliance Petroleum (RPL) today reported a net profit of Rs 105 crore for the first quarter ended June 30, 2009.

Asian stocks rebound on Dubai financing; Japan shares decline
Asian stocks rebounded from earlier losses after Dubai secured $10 billion of funding to repay its debt. Japan shares dropped as a measure of business confidence showed companies are scaling back investment plans.

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Koda's interrogation likely to begin today
As probe intensifies, says he’s being framed since he’s a tribal.
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Subbarao meets FM amid inflation woes

With food inflation rising to a 10-year high, the Reserve Bank of India (RBI) and the finance ministry today discussed the macroeconomic situation and the monetary policy stance. The meeting assumed significance, as this would decide the course of action by RBI to combat rising inflation. - Experts debate rollback of lenient policy - Govt hints at gradual fiscal consolidation - RBI tightens priority sector lending rules - Yields rise on policy buzz, higher cut-off - Exit easy money policy in calibrated manner: govt to RBI - Mid-year review for urgent action to deal with high prices RBI Governor D Subbarao met Finance Minister Pranab Mukherjee and other ministry officials here to discuss the country’s macroeconomic scenario.


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