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Citi posts $4.28 bn profit
Citigroup Inc posted a $4.28 billion profit, less than analysts estimated, as surging loan losses cut into a gain from selling control of the Smith Barney brokerage unit.

Elite B-school students back in radar of finance cos
After a year long slump due to global meltdown, first year students of elite B-schools are back in the radar of companies in finance and banking sectors which are now hiring them for summer internship programmes.

News of the day

Asian bourses end positive
The Hang Seng slipped 174 points to 22,324. The Nikkei advanced 145 points or 1.5% to 10,167.
Management

Rs 1,000 cr to MSMEs to help face global competition

The Centre has earmarked Rs 1,000 crore under the National Manufacturing Competition Programme in the 11th Five-Year Plan to help micro, small and medium enterprises face global competition, Minister of State for MSMEs Dinsha J Patel said. - PM task force on MSMEs to conclude work on Saturday - Orissa to woo major players in food processing sector - SMEs listed on BSE see 11% fall in five years - Uttar Pradesh industry ready with 2010 wish-list - Silk exchange to come up in Varanasi - Better days ahead for MSME sector: industry surveys He was speaking after inaugurating the state"s first Common Facility Centre (CFC) of Virudhunagar Match Consortium at Periavallikulam village in the district last evening. He said six CFCs in the safety match cluster had been sanctioned under the Cluster Development Programme and would soon be set up at a cost of Rs 1.56 crore for each CFC. The Centre would contribute Rs 85.64 lakh for each project, he said.


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