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Indian retailers' earnings to come under pressure: Macquarie
A stuttering GDP growth and high-base effect are likely to push same store sales (SSS) growth and profitability of Indian retailers in the red zone for the January-March 2009 quarter, research firm, Macquarie, said.

SAIL, ONGC, IOC, NTPC may get Maharatna tag shortly
Four public sector giants -- Oil and Natural Gas Corp, Steel Authority of India Ltd, Indian Oil Corp and NTPC -- are likely to get in next ten days the coveted Maharatna status, which will empower the PSUs with greater autonomy, a top government official said today.

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Marginal rise in RIIL Q3 net
The Mukesh Ambani Group firm Reliance Industrial Infrastructure (RIIL) today said its net profit rose by 3.52 per cent to Rs 5.87 crore for the third quarter ended December 31, over the same period previous financial year.
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Exports from STP units up 15% to Rs 2,07,358 cr

The government today said exports from Software Technology Parks (STP) increased 15.1 per cent to Rs 2,07,358 crore in 2008-09. - STPI tax benefits to be extended: Raja - Raja for 2-yr extension of tax sops for IT under STPI - LS okays merger of State Bank of Saurashtra with SBI - Commercial activities of banks cannot be monitored by MPs: FM - Oppn urges govt to safeguard sugarcane growers interest - No CBI probe into Jaipur oil depot fire: Govt Exports in 2007-08 were at Rs 1,80,155 crore, Minister of State for Communications and Information Technology Sachin Pilot said in a written reply to the Lok Sabha. He said three STP centres have been set up, taking the total number of units to 51, as part of the Eleventh Five-Year Plan. In response to another question, Pilot said, "As per information provided by the Manufacturers" Association for information Technology (MAIT), the consumption of computers recorded a negative growth of seven per cent in 2008-09 over 2007-08." Sales fell from 7.3 million units to 6.8 million units, he added. He said sales were improving quarter-on-quarter as per data available with MAIT and are expected to grow by 7-10 per cent in 2009-10. "The drop in sales has been a reflection of the global economic downturn which had also impacted the domestic economy and hence the local consumption of IT hardware," he said.


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