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Parsvnath Developers Q1 net dips 81% at Rs 14 cr
Real estate firm Parsvnath Developers today reported a net profit of Rs 13.81 crore for the first quarter ended June 30, a 81 per cent decline over the corresponding period a year ago. The company had posted a net profit of Rs 73.96 crore in the same period last fiscal.

Four more swine flu cases in Pune, toll rise to 75
The swine flu toll in the city has risen to 75 with four more persons succumbing to the virus, health officials said today.

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'Challenges are more external than domestic'
The year 2010 will start on a promising note as we have held on to the gains of 2009, even if it means consolidating for the first few months of the year, says Sundaresan Naganath, chief investment officer at DSP Blackrock mutual fund. After having worked with Credit Suisse Asset Management New York and Merrill Lynch Asset Management Hong Kong, Naganath oversees some of the best performing funds such as DSP Blackrock Equity and DSP Blackrock Top 100. In an interview with Vandana and Neha Pandey, he says challenges that markets face are more external than domestic. Excerpts:
Corporate

Tata Steel net dips 50% to Rs 903 cr

Tata Steel"s net profit dipped 49.4 per cent to Rs 902.94 crore in the second quarter of 2009 compared to Rs 1787.81 crore in the quarter ended September 30, 2008. Its total income plunged 18.23 per cent from Rs 7054.33 crore for the quarter ended September 30, 2008 to Rs 5768.16 crore for the quarter ended September 30, 2009. - GMR Infra net dips 40%; to raise Rs 1,000 cr - United Spirits Q2 net down 25% at Rs 69 cr - Wipro Q2 consolidated net up 19% at Rs 1,161 cr - Idea Cellular Q2 net profit at Rs 220 crore - Sona Koyo Steering Q2 net at Rs 3.71 crore - Dabur net up 31%; declares 75% interim dividend Tata Steel recently issued GDRs ( Global Depository Rceipts) worth $500 mn at a price of $ 7.64 per GDR. It also entered into an agreement with MMTC ( Mineral and Metals Trading Corporation) to establish a 74:26 joint venture for acquiring, development and operation of mines and processing of minerals and metals.


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