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UTV Software Communications June qtr net loss at Rs 23 cr
Media company UTV Software Communications today reported a consolidated net loss of Rs 23.33 crore for the quarter ended June 30, 2009, against a net profit of Rs 19.88 crore in the same period last year.

Sun Pharma up on new support in Taro war
Sun Pharma ended at its intra-day high of Rs 1542, stronger by Rs 38 or 2.5% on the BSE.

News of the day

BSNL's rise and fall
A couple of decades ago, when more good people were leaving India Today magazine than joining it, Aroon Purie asked a departing colleague, who’d just given him the usual spiel you give while resigning, “If I’m the best boss around, why is everyone leaving?” Much the same question comes to mind while reading Connecting India — if BSNL and the Department of Telecommunications are indeed full of as many good people as the author will have us believe, how come the country’s top telecom PSU hasn’t made any profits from its operations in the last two-to-three years? Indeed, if you take the thousands of crore the PSU got by way of an Access-Deficit-Charge tax levied on rival telcos’ incoming calls, BSNL’s unprofitable years increase even more.
Business Ideas

Tatas to tighten mgmt grip on JLR: report

Having secured the much-needed funds for Jaguar Land Rover (JLR) without the government help, its Indian parent Tatas are now tightening their management control on the carmaker, but are unhappy over the way their request for help was handled by the UK authorities, a report said today. - Tata Motors rises on loan report - Tata Motors expects JLR funding sans UK govt guarantee - JLR gets financing facility worth 75 mn pounds - S&P downgrades Tata Motors credit ratings - JLR needs "major" cost-cuts - JLR to have light weight aliminium bodies to cut costs "Tata feels that it has not been well treated. It is one of the biggest inward investors in the UK and yet it has been made to feel like a company that would take the money and run," a report in the Sunday Times quoted one industry source as saying. "Tata executives are understood still to be fuming at how the government handled their request for assistance when the credit crunch and recession triggered a collapse in sales," the report said.


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