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TTML surges on record subscriber addition
The stock surged further to a high of Rs 37 - up 7%. The stock, however, slipped from the high and ended with a gain of 5% at Rs 36.30. Over 7.46 million shares changed hands at the counter today, comparatively higher than the two-week daily average trade of 1.56 million.

Analysts more optimistic about IT services companies
The year 2009 was one of the most challenging years for the Indian information technology (IT) services sector. Even as IT spends went down by almost 6-8 per cent globally, Indian IT companies had to grapple with the confession by Ramalinga Raju regarding a nearly Rs 8,000-crore fraud at Satyam Computer Services.

News of the day

Gold slides on weak global cues
Gold prices fell by Rs 250 to Rs 17,110 per ten gram in the bullion market today as investors resorted to heavy selling amid a weakening global trend.
International Business

Koutons Retail Q3 profit up 18% at Rs 15 cr

Apparel chain Koutons Retail India today said its net profit rose by 18.63 per cent to Rs 15.79 crore in the third quarter ended December 31, 2009 over the same period last fiscal. - Come into my parlour - High and mighty - Cooperative banks in Hry to provide loans of Rs 8,600 cr - Retail recovery still some time away - Undisbursed loans may lead to rate war, even if RBI tightens - Cost cutting phase over, time to transform biz: HCL Tech Total income increased to Rs 269.77 crore in the quarter under review from Rs 242.30 crore in the year-ago period, Koutons Retail said in a filing to the Bombay Stock Exchange. Koutons Retail stocks were trading at Rs 400.2 at BSE at 1158 hrs, a decline of 2.29 per cent.


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