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China manufacturing hubs see less profits
Beijing, Feb 11 (IANS) Rising manufacturing costs and weak external demand for China-made goods have dented the profits of industrial hubs in southeast China. Industrial output in Guangdong surged 20.9 percent year-on-year in 2011, but industrial profits rose by only 2.4 percent, down sharply from over 30 percent annual growth in 2010, Xinhua reported Friday quoting the provincial statistics bureau. In

Britannia Industries, IDFC & Shriram Transport Q3 results

Britannia Industries on Friday reported 44.8 per cent rise in net profit at Rs 54 crore for the third quarter ended December compared to the corresponding quarter last financial year. Net sales for

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Power Grid to form JV with World Bank arm

Power Grid Corporation (PGC), the BSE-listed central transmission utility, plans to soon tie up with the World Bank's International Finance Corporation (IFC), to undertake projects abroad. The two

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We are exploring asset light biz model: A Subba Rao

The past four quarters have been weighing on GMR Infrastructure as the heavy investments on upgrading the Delhi International Airport and the protracted discussions with government to have the Airport

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Builders feel investor heat, bite buyback bullet

Thursday was a big payday for Deutsche Bank (DB), which ended its tumultuous relationship with the Mumbai-based Lodha Group. For DB, the exit was a windfall — a neat 55 per cent profit in

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You have to run the business well to earn such cash flows: Abhisheck Lodha

Lodha Developers repaid Rs 2,542 crore to German investor Deutsche Bank in one of the biggest exits to any investor in recent years. Abhisheck Lodha, its managing director, talks

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