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Sun TV to create two verticals
Sun TV Network will restructure its distribution business and team with the creation of two verticals one focused on managing the South Indian operations and the international business and the second focused on expanding the Sun TV bouquet into the north, west and eastern markets of India.

Bank stocks surge on hope of better profits
Banking stocks have gained between 5 per cent and 11 per cent on the Bombay Stock Exchange (BSE) in the last two days on higher advance tax payments by banks and a correction in valuation of small banks.

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ITC to launch new products in stationery biz
Diversified business conglomerate ITC Ltd is targeting a Rs 1,000-crore turnover from its stationery business in three to five years, led by new product launches targeting school children and institutions. It’s current revenue from this business stands at Rs 280 crore.
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Mexico wants binding climate accord at 2010 summit

Mexico will push for a binding international agreement to cut greenhouse gas emissions when it hosts the next climate change summit in Mexico City in the coming year. - Subir Roy: Remember the ragpicker">Subir Roy: Remember the ragpicker - Consultants, banks to help cos raise funds for CDM projects - Summit useful in getting India, China to take action: Aus - Disappointment at Copenhagen deal "justified": Obama - Climate meet did not move us the way we needed to: Obama - "Consultations, analysis in Accord has no weight" Mexico seeks to accomplish what the recent Copenhagen conference failed to do - get developed and poorer nations to agree to a 50 per cent emissions cut by 2050, as compared to 2000 levels, according to a statement issued by the Environment Department yesterday. A historic UN climate conference ended earlier this month with only a nonbinding accord - after two weeks of debate and frustration - that was short on concrete steps against global warming. The agreement brokered by US President Barack Obama with China and others set up the first significant program of climate aid to poorer nations. Although it urged deeper cuts in emissions of carbon dioxide and other gases blamed for global warming, it did not require them. Critics are now calling the accord window dressing to cover deep divisions between China and the US and poor and developed countries and say that the conference was a failure. Mexico"s statement yesterday did not say how it would resolve the fractious debate and acknowledged it is "a big challenge for the country." A formal date for the 2010 conference has yet to be set.


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