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IndianOil Q4 net up three-fold
Government-owned IndianOil, the country’s largest oil marketing company, has reported a more than three-fold increase in fourth-quarter net profit even as its annual profit dipped 47 per cent to Rs 3,954.62 crore due to the impact of an entry tax in Uttar Pradesh, petrol losses and a higher interest burden. Net profit for the quarter ended March stood at Rs 12,670.43 crore against Rs 3,905.2

Bharat Forge to sell loss-making US unit
Bharat Forge is to liquidate its plant and machinery in America, after continuous losses recorded from the acquired assets seven years after the company bought these.

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GFL posts Rs 135 cr loss

Gujarat Fluorochemicals Ltd has registered standalone net loss of Rs 135.39 crore for the quarter ended March 31, 2012 as compared to net profit of Rs 138.45 crore in the corresponding period

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Panel sets June 7 date for JPMorgan CEO to testify
JPMorgan Chase CEO Jamie Dimon is being asked to appear before a Senate panel next month to answer questions about the bank's $2 billion-plus trading loss.

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Hit by high fuel cost, Jet Airways posts 5th straight quarterly loss

Hit by high fuel cost and a weakened rupee, private carrier Jet Airways (India) Ltd posted a consolidated net loss of Rs 354 crore in the March quarter, compared with a loss of Rs 200 crore in the

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SEC reviewing JPMorgan's filings after $2B loss

Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a multibillion-dollar trading loss.

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