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Nasscom lowers forecast of animation and gaming inds for 2012
The apex body of IT software and services, Nasscom, today lowered its forecast for the animation and gaming industry for 2012 on account of the global economic downturn.

Vedanta seeks Orissa's help to restrict movement of international NGOs
The Vedanta Group has asked the Orissa government to restrict the entry of foreign non-government organisations (NGOs) in the area where it proposes to mine bauxite, as part of its $8-billion project in the state, saying they were instigating locals. “These NGOs comprising Survival International and Action Aid are instigating locals to go to the hill top, where we have proposed to mine bauxite, and set up houses. The Orissa government has already said there is no tribal population in our proposed mining site. Such efforts by these NGOs are aimed at harming the project and investments in the state; their movement has to be regulated,” Vedanta Aluminium Ltd COO Mukesh Kumar told PTI.

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FDIC presses for Citi's top mgt rejig: Report
The Federal Deposit Insurance Corp (FDIC) is pressing for top management reshuffle in trouble financial institution Citigroup, a move that may threaten Chief Executive Vikram Pandit"s position in the company, a media report says.
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IRB Infra Q2 PAT jumps 80% at Rs 74.31 cr

Mumbai-based IRB Infrastructure Developers today reported an 80 per cent jump in profit after tax (PAT) at Rs 74.31 crore in the second quarter ended September 30, 2009. - MTNL net declines 77.5% at Rs 20.58 cr - Indian Hotels Q2 PAT dips 76% to Rs 12 cr - Reliance Capital Q2 net dips 32% to Rs 156 cr - Ashok Leyland net profit jumps 32% in Q2 - Zylog Systems Q2 net dips 21% - Aurobindo back in black with Rs 103 cr profit The company had recorded a PAT of Rs 41.21 crore in the corresponding quarter of the previous fiscal. The company registered a total income of Rs 363.28 crore in the second quarter, up 73.17 per cent from Rs 209.78 crore recorded in the same period last year, it said in a statement. IRB is an infrastructure development and construction company. Build-operate-transfer projects comprise over 95 per cent of IRB"s Rs 9,900 crore order-book.


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