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T N Ninan: Failing capitalism
T N Ninan / New Delhi August 22, 2009, 0:58 IST

Sical likely to set up iron ore terminal in Mangalore
Sical Logistics Ltd has received Letter of Acceptance (LOA) from the New Mangalore Port Trust for setting up an iron ore handling facility at the deep draft multi purpose berth on BOT basis at New Mangalore Port. The Concession Agreement was signed recently between the Board of Trustees of New Mangalore Port Trust and Sical Iron Ore Terminal (Mangalore) Ltd (an SPV arm of Sical).

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FIIs net sell Rs 1,003cr, DIIs net buy Rs 716cr
Foreign institutional investors (FIIs) were net sellers of Rs 1,002.60 crore (provisional) today, according to data released by BSE.
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Tilaknagar Industries Q4 net up 40% at Rs 7 cr

Indian Made Foreign Liquor (IMFL) manufacturer Tilaknagar Industries registered a consolidated net profit increase of 40 per cent for the quarter-ending March 31, 2009 to touch Rs 7 crore as compared to Rs 5 crore in the corresponding quarter last financial year. The revenue for the fourth quarter too increased by 107 per cent to touch Rs 85 crore as compared to Rs 41 crore in the corresponding quarter of the previous financial year.


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