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MF industry turns less profitable
The fall in assets under management (AUM) in financial year 2008-09 has hit the net profit of the mutual fund industry. The industry’s average net profit has declined 29.84 per cent in financial year 2008-09, acccording to an ICRA report released today. http://smallpersonalloans.org.uk

When I'm CM
West Bengal’s assembly elections may be due only in early 2011, but that’s not stopping Trinamool Congress chief Mamata Banerjee from preparing to become the state’s next chief minister. She has assigned two economists the task of preparing a blueprint for the economic revival of the state. Both economists are frequent contributors to various newspapers and are known to be votaries of free enterprise.

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CLB upholds appointment of H V Lodha in Birla Corp board
New Delhi, Oct 19 (PTI) The Company Law Board today dismissed a petition challenging the appointment of Harsh Vardhan Lodha, son of late R S Lodha, on board of Birla Corporation.
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Asian markets end mixed

Asian markets ended mixed today. The Hang Seng added 122 points to 20,244. The Nikkei was up seven points at 10,205. - Asian markets end weak - Asian markets end firm - Asian markets end with moderate losses - Inflation fight fears - Asian markets trade weak - Asian markets end in the red The Seoul Composite advanced four points to 1,606. On the other hand, The Shanghai Composite and the Taiwan Weighted dropped 1.5% each to 2,941 and 7,525, respectively. The Straits Times dropped seven points to 2,738. _______________________________________________ (Updated at 1034 hrs) The Asian markets have recovered partially. The Hang Seng is down 0.5% at 110 and the Nikkei is flat at 23 points at 10,175, respectively. The Shanghai Composite Index has declined 57 points or 2% to 2,932, respectively. The Taiwan Weighted Index has slipped 1% to 7,542. The Straits Times is down 0.3% at 2,737 while the Seoul Composite is marginally up at 1,603 _____________________________________________ (Updated at 0810hrs) The Asian markets have opened on a negative note. The Hang Seng has dropped 198 points or 1% to 19,924 and the Nikkei is down 40 points at 10,159, respectively. The Shanghai Composite Index has slipped 49 points or 2% to 2,940. The Straits Times and the Seoul Composite are down 0.5% each at 2,727 and 1,593, respectively. The Taiwan Weighted Index has declined 95 points or 1% to 7,645, respectively.


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