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Markets at a glance
Gains in global markets and foreign buying helped Sensex move past 17,000 mark after 15 months. In a truncated week, BSE Sensex rose 440 points or 2.6 per cent to 17,135 and Nifty rose 125 points or 2.5 per cent to 5,083. Broader indices performed better than BSE Midcap and BSE Smallcap indices, each delivering 1.2 per cent and 1.8 per cent, respectively. The market was buoyed by IMF"s statement that India’s GDP would grow at 6.4 per cent for CY09 and that the world economy would contract less than expected.

Apollo opens hospital in Mauritius
Chennai-based healthcare major Apollo Hospitals Group has opened Apollo Bramwell in Mauritius with an investment of $70 million (around Rs 350 crore).

News of the day

Tata Motors DVR share sale fetches Rs 349 crore
FIIs like DSP Blackrock, Prudential step in with buys.
Management

Bank of Maharashtra net down 7%

Public sector lender Bank of Maharashtra reported a 7 per cent drop in net profit to Rs 112 crore for the quarter ended December 2009 against Rs 120.6 crore in the year-ago quarter. Net interest income, or the difference between interest earned and interest paid, grew 5 per cent to Rs 361 crore from Rs 343 crore in the December 2008 quarter. - KVB net profit jumps 28% - JK Bank net profit rises 19% - City Union Bank net up 26.55% - Syndicate Bank net dips 42.6% to Rs 205.72 cr - RCom Q3 Net falls 19% to Rs 1,165 cr - Great Offshore Q3 net dips 14% to Rs 49 cr The biggest fall was in other income, which decreased 32 per cent to Rs 113 crore from Rs 166 crore in the corresponding quarter last year. Provisions grew from Rs 35.1 crore in the December 2008 quarter to Rs 46 crore.


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