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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.

2000-09: The game changers
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Abu Dhabi would come to Dubai's rescue, says economist
Concerns about Dubai’s potentially crippling default on enormous debts to global creditors have rattled investor confidence across the oil-exporting Gulf region but Abu Dhabi will come to the rescue, says a leading economist in the region.
International Business

Maytas Infra says ministry has asked PGCIL to release funds

Hyderabad-based Maytas Infra today said that the Ministry of Corporate Affairs has asked state-run Power Grid Corporation of India (PGCIL) to allow the infrastructure firm continue work on two projects it had bagged earlier and also release the required funds. However, Maytas is awaiting a response from the Power Grid board, which is expected to take a decision shortly, it said in a statement. Maytas Infrastructure at present has a order book worth Rs 8,000 crore.


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