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Bank of Maharashtra Q4 net jumps two-fold
Public sector lender Bank of Maharashtra today said its net profit grew over two-fold to Rs 137.33 crore during the fourth quarter of 2008-09 over the corresponding period a year ago.

Jet to buy 26% stake in JV with Malaysian Airlines
The Board of Directors of Jet Airways has given its in-principle approval to acquire 26 per cent stake in MAS GMR Aerospace Engineering Company for an unspecified amount.

News of the day

F&O OUTLOOK: Nifty likely to trade above 5,100 this week
The Nifty convincingly closed above the 61.8 per cent retracement levels of 4,940 on short-covering. The V-shape recovery is expected to continue with the Nifty likely to complete 100 per cent retracement this week of its recent fall from 5,181 to 4,538. Options data suggest the index has strong support at 4,900 and is building fresh support at 5,000.
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Several mines explode along LoC

Several mines exploded along the Line of Control (LoC) when a fire broke out in the area, defence officials said today. - Varun Energy acquires Madagascar uranium mines - IBM suspends operation of Thakurani mines - Suzlon to supply 15 units of wind turbines to RSMML - Centre bans mining at six mines in AP - Govt initiates process for setting up Mineral Development Fund - Miners seek graded royalty on ore The fire which broke out from Kulgori forest belt in Pakistan Occupied Kashmir (PoK) close to the Line of Control in Balakote belt of Poonch district last night has now been controlled, they added. The fire spread to this side of LoC in Cheer, Rani Tikri and Chatali forest belts in Balakote and as a result of which several mines planted along the borderline to counter infiltration exploded, they said. "The fire has been extinguished this morning and there was no loss of life or injury to any jawan posted along the forward areas along LoC," Brigadier General of Staff Gurdeep Singh said.


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