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Popular Articles

BoE holds key rate; to pump in extra 25 bn pounds
Continuing with its soft monetary stance, Bank of England (BoE) today retained the benchmark interest rate at 0.50 per cent for the eight straight month and will inject another 25 billion pounds to boost the economy.

PM for simpler tax regime for processed food sector
Prime Minister Manmohan Singh today regretted that the food processing sector was subject to "multiple levies" and said there is an urgent need to rationalise tax structure to replicate the success of the IT industry globally.

News of the day

Essar Oil gets three more CBM blocks
Essar Oil has bagged three more coal bed methane (CBM) blocks after a panel of secretaries rejected the bids put in by a consortium led by Deep Industries.
Small Business

Zylog Systems Q2 net dips 21%

Chennai-based software company Zylog Systems posted a 21 per cent dip in its net profit for the second quarter ended Septmeber 30, 2009 to Rs 20.91 crore as against Rs 26.48 crore in the same quarter last year. - Zylog launches VoIP services in Gujarat - Zylog to invest Rs 210 cr on Wi-Fi; aims Rs 550 cr revenue - Zylog plans Rs 500 cr infra spend, eyes Singapore firm - Microsoft keen to partner Unique ID project: Bill Gates - Zylog Systems ties up with Aptilo Networks for back-end services - Zylog lines up Rs 200cr The net income of the company for the quarter rose to Rs 190.95 crore as compared with Rs 180.05 crore in the year-ago period. The total expenditure for the quarter also rose to Rs 162.71 crore as compared to Rs 153.79 crore in the year-ago period.


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