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ICICI Bank net up 2.5%
ICICI Bank on Friday said its consolidated net profit rose 75.7 per cent to Rs 1,144.6 crore in the quarter ended September on the back of a good show by its subsidiaries.

TRAI to float consultation paper on M&A norms
Telecom regulator TRAI today said it will float a consultation paper on merger and acquisitions in the sector by the next month, a move that could unleash the second wave of consolidation in the sector.

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Ashtavinayak wipes gains, slips 4%
The stock erased all its gains and finally settled 4% lower at Rs 90. The counter witnessed trades of 14 lakh shares as compared to the two-week dialy average traded volumes of 10.41 shares on the BSE.
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Maharashtra MLAs leaves leadership decision to Sonia

After storming back to power, the Congress Legislature Party (CLP) in Maharashtra on Saturday authorised party chief Sonia Gandhi to choose its new leader who will be the chief minister, senior party leader A K Antony said. - CLP meet authorises Sonia to elect new leader in Maha - Deshmukh meets Sonia; denies being in race for CM - Leave leadership issues to me, Sonia tells Jagan - Reddy"s son, Jaganmohan, meets Sonia - Sanjaya Baru: Look East policy comes of age">Sanjaya Baru: Look East policy comes of age - Brown celebrates Diwali at 10, Downing Street “We have conveyed to Congress president Sonia Gandhi about the one-line resolution authorising her to elect a new leader of CLP”, he told mediapersons. Antony said "we sought the views of MLAs individually and majority of of them have said they would leave the decision to party high command and some expressed their preferences (on the new CLP leader)". Meanwhile, Ashok Chavan is the frontrunner for the top post. Industries Minister Narayan Rane and Union Minister Gurudas Kamat are also hopefuls for the CM’s post. Former CMs and Union Ministers — Vilasrao Deshmukh and Sushil Kumar Shinde have ruled themselves out of the chief ministerial race.


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