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Emami's bio-diesel project in doldrums
Emami Ltd, the Rs 2000 crore FMCG major, is currently recording zero sales of biodiesel, following a circular issued this month by the ministry of petroleum, virtually banning the sale of bio-diesel.

Retail recovery still some time away
The retail sector in Kolkata has adopted a wait and watch situation with retailers still wary of what lies ahead. What started as a big set-back for the retail industry in end-2008 with several malls and retailers shutting shop, the year 2009 was particularly bad for the industry with several cancellations of booked spaces and deferment of sanctioned projects.

News of the day

Hike in SLR not to have significant impact, say top bankers
Bankers today said that the increase in the statutory liquidity ratio (SLR) limit would not impact the liquidity in the banking system in any significant manner.
Public Relations

DHFL net at Rs 37 crore

Dewan Hosing Finance Limited (DHFL) reported 69.96 per cent increase in its net profit at Rs 37.51 crore for the quarter ended September 30, 2009 as compared Rs 22.7 crore in the corresponding quarter last year. - Markets off day"s low - Sensex slips into negative zone - Markets off day"s high - IOC down 2% on fire at Jaipur depot - Reliance in red on fourth straight fall in net - Voltas up 3% on rise in Q2 net Loan disbursement by the company went up by 92 per cent to Rs 979 crore during the second quarter, as against Rs 509 crore in the same period a year ago. Loan sanctions went up 93.76 per cent to Rs 1180.67 crore during the quarter. Total income of the housing finance company went up by 53 per cent to Rs 246.12 crore as against Rs 160.79 crore in June-September, 2008. Company’s top line growth rose by 53 per cent to Rs 246.12 crore against Rs 160.79 crore in the same quarter last year. The net non-performing assets of the company stood at 1.07 per cent as on September 30. Net interest margin stood at 3 per cent. BSE, the company’s shares closed at Rs185.9, down 0.96 per cent from its previous close.


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