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Bharat Forge Q4 consolidated net down 68%
World"s top forging company Bharat Forge reported a sharp decline of 68.03 per cent in consolidated net profit to Rs 20.33 crore during the fourth quarter of the financial year 2008-09 as against Rs 63.6 crore posted over the same quarter a year ago.
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Drug exporters plan challenges to centralised clearance order
The Rs 40,000-crore drug export industry is restive after the decision of the Drugs Controller General of India (DCGI) to centralise all export clearances.
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Gujarat awards Rs 110 crore contract to HCL for IT deployment
Gujarat government today awarded Rs. 110 crore contract to HCL Infosystems to take Information Technology (IT) to around 7,000 schools in the state. As part of the contract, the IT major will supply PCs with biometric finger print scanner and UPS to over 6,000 schools under education department and 1,000 schools under tribal department.
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Microsoft's CFO Liddell to take over as GM's finance chief

General Motors today said Chris Liddell, Microsoft Corp"s outgoing finance chief, has been appointed as the vice-chairman and chief financial officer of the auto giant. - Microsoft launches WebsiteSpark program - Volkswagen, Suzuki: Joining forces">Volkswagen, Suzuki: Joining forces - Twitter said to be profitable after making $25 mn search deals - GM to close Saab, sale talks with Spyker fail - Kronos in talks with Gujarat firms for workforce management - GM India inks pact with SBI for auto finance Liddell would start with GM in the new year, the company said in a statement. Liddell, who has held the post of chief financial officer in Microsoft since May 2005, will be leaving the software giant on December 31 of this year. "Chris brings a depth and experience to this job that were unmatched in our search for a new financial leader. Chris will lead our financial and accounting operations on a global basis and will report directly to me," GM Chairman and CEO Ed Whitacre said. "We"re also looking to his experience and insights in corporate strategy as a member of the senior leadership team in helping our restructuring efforts," Whitacre added. While at Microsoft, Liddell was responsible for leading its worldwide finance organisation, which included overseeing acquisitions, corporate strategy, treasury activities, tax planning, accounting and reporting, internal audit, and investor relations. Liddell"s appointment at GM has come at a critical point as the auto major is aiming to repay the bailout funds it received from the government in 2010.


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