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ITC Q1 net profit drops 4.4 percent on excise duty hike on cigarettes, outlook positive |
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India's top cigarette maker, ITC Ltd has reported 4.4 percent decline in net profit for the quarter ended June 30, 2008, attributing it to increase in excise duties on cigarettes. |
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Tata Steel's consolidated net profit surges 62.5 percent on Corus earnings |
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India's largest private sector steel producer Tata Steel has reported 62.5 percent jump in consolidated net profit for the quarter ended June 30, 2008 (Q1 of FY09), boosted by earnings of its Anglo-Dutch steel unit Corus.
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Zimbabwe devalues currency; 10B becomes 1 dollar |
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Zimbabwe will knock 10 zeros off the country's hyper-inflated currency next month, making 10 billion dollars one dollar, the nation's central bank governor said Wednesday.
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