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IndiaFirst to start ops by Dec-end, gets nod for 3 products
IndiaFirst Life Insurance has received regulatory approval to launch three products and expects to commence its operations by the month-end, a senior official said.

IOCL to double investments on R&D
State-run Indian Oil Corporation (IOCL) has proposed to double its investments on its Research and Development in order to develop newer technologies, a top company official said today.

News of the day

Apex court sets aside HC order on Paradip Port
The Supreme Court today set aside the Orissa High Court’s interim order that restrained the Paradip Port Trust (PPT) from reinviting financial bids from the short-listed bidders for developing a coal berth.
Small Business

J&K Bank turns negative

The stock pared its gains and slipped to a low of Rs 425. The scrip finally settled at Rs 431, down 2%. Around 6,522 shares have been traded on the BSE today as compared to the two-week daily average traded volumes of 2,352 shares. ______________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The stock opened at Rs 445 and surged 3% to touch a high of Rs 452. The stock is now up 2% at Rs 447. Around 1,482 shares have been traded on the BSE so far. Jammu and Kashmir Bank"s net profit increased 24% to Rs 117.05 crore in the quarter ended June 2009, as against the Rs 94.56 crore in the corresponding quarter a year ago. The total income is also up 24% at Rs 89,105 crore in Q1FY10 as against Rs 71,630 crore in Q1FY09. The bank has succesfully brought down its cost to income ratio to 33% from 38% a year ago.


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