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C&C Construction in talks with hotel chains for Mohali prop
Infrastructure company C&C Construction Ltd today said it is developing a four-star hotel near Mohali entailing a total investment of Rs 60 crore and is in talks with international and domestic hospitality groups for its management.

Telcos revenue drops in Sept qtr: Trai
The telecom industry added a massive 44.21 million new subscribers in the quarter ended September 2009, while the gross revenue of the operators has slipped marginally by 0.65 per cent during the same period, the Telecom Regulatory Authority of India (Trai) said here today.

News of the day

Indian retail sector to touch $521 bn by 2012
Apparel and FMCG segments will be the driving forces for the Indian retail sector, which is likely to grow annually by 9 per cent to touch $521 billion by 2012, a senior retail industry official said.
Small Business

Asian Paints Q3 net surges over threefold to Rs 212 cr

Paint manufacturer Asian Paints today said its consolidated net profit surged over threefold to Rs 211.84 crore for the third quarter ended December 31, over the same period last fiscal. - Godrej Properties net up 16-fold to Rs 18 cr - Allahabad Bank Q3 net down 6% to Rs 345 cr - HCC Q3 net dips 36% to Rs 15 cr - ITC Q3 profit rises 27% to Rs 1,144 cr - Corporation Bank Q3 net up 19% to Rs 305 cr - Reliance Q3 net up 16% to Rs 4,008cr Net sales rose to Rs 1,620 crore for the latest quarter against Rs 1,322.04 crore for the same period previous fiscal, Asian Paints said in a filing to the Bombay Stock Exchange (BSE). For the nine-month period ended December 31, 2009, the company posted a net profit of Rs 669.20 crore against Rs 311.08 crore for the same period last fiscal. Shares of Asian Paints today closed at Rs 1,766.90 on the BSE, down 2.47 per cent from previous close.


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