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Mulayam raises RIL gas issue in House
The gas row between the Ambani brothers had its echo in the Lok Sabha on Thursday with Samajwadi Party chief Mulayam Singh Yadav making a strong plea for gas from Reliance at cheaper rates for state-owned National Thermal Power Corporation (NTPC), a plea also being used by the Anil Ambani group.

Markets succumb to weak Asian cues
The markets extended the previous day"s losses, mirroring the weakness in the US and across Asia. The Sensex ended at 16,719, weaker by 174 points and the Nifty closed below the psychological mark of 5k at 4,987, lower by 54 points. Realty, energy and bank stocks were the major draggers.

News of the day

Maruti eyes expansion to defend 50% share
To double annual production capacity at Manesar plant
Small Business

Jindal Saw Q3 net up 46% at Rs 146 cr

Pipe manufacturer Jindal Saw today reported a 46.36 per cent growth in net profit at Rs 146.48 crore for the third quarter ended September 2009. The firm had a net profit of Rs 100.08 crore in the September quarter of FY"09, Jindal Saw said in a filing to the Bombay Stock Exchange. - Sunil Jain: In the black">Sunil Jain: In the black - UCO Bank Q2 net up 38.4% at Rs 208 cr - Bajaj Auto posts highest-ever quarterly profit at Rs 403 cr - Motilal Oswal profit rises 74% to Rs 47cr - Jindal Saw pares gains after stock split - Parsvnath Q2 net up three fold to Rs 61.43 cr Total income, however, declined to Rs 1,372.85 crore during the September quarter, from Rs 1,486.41 crore in the corresponding period last fiscal. The board has approved a stock split in the ratio of 1:5. The company would sub-divide one equity share of Rs 10 each into five share of Rs two a piece. Shares of Jindal Saw were trading at Rs 744.45, down 0.07 per cent in the late afternoon trade on the BSE.


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