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Proposed Base Rate likely to benefit MSME exporters: FIEO
Exporters today welcomed RBI"s proposal to shift to the base rate system for pricing of loans, saying the move would help in raising competitiveness of Indian goods in international markets by 3 to 4 per cent.

CM hints at action against dissident ministers
As the three dissident ministers continued their defiance against him, chief minister B S Yeddyurappa today talked tough, hinting at "stern action" against them. "These people cannot cow me down. They are worried about my popularity graph," Yeddyurappa told reporters here, as he hit back at the three ministers who had launched a strong attack on him at a function in their home district of Bellary yesterday.

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Take RIL to SC, solicitor general tells NTPC
Union Solicitor General Gopal Subramanium has advised NTPC Ltd to transfer its case against RIL to the Supreme Court.
Small Business

Asian Paints Q3 net surges over threefold to Rs 212 cr

Paint manufacturer Asian Paints today said its consolidated net profit surged over threefold to Rs 211.84 crore for the third quarter ended December 31, over the same period last fiscal. - Godrej Properties net up 16-fold to Rs 18 cr - Allahabad Bank Q3 net down 6% to Rs 345 cr - HCC Q3 net dips 36% to Rs 15 cr - ITC Q3 profit rises 27% to Rs 1,144 cr - Corporation Bank Q3 net up 19% to Rs 305 cr - Reliance Q3 net up 16% to Rs 4,008cr Net sales rose to Rs 1,620 crore for the latest quarter against Rs 1,322.04 crore for the same period previous fiscal, Asian Paints said in a filing to the Bombay Stock Exchange (BSE). For the nine-month period ended December 31, 2009, the company posted a net profit of Rs 669.20 crore against Rs 311.08 crore for the same period last fiscal. Shares of Asian Paints today closed at Rs 1,766.90 on the BSE, down 2.47 per cent from previous close.


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