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Markets sign off in style
The markets ended the last day on a high note. Erasing the previous day"s losses and shrugging off the spike in food inflation, the Sensex gained 120 points to end at 17,464 and the Nifty conquered the 5200 barrier to close at 5208, higher by 39 points. Power, consumer goods and energy stocks powered the indices.

IL&FS hikes stake in Maytas Infra to 37.01%
Private lender Infrastructure Leasing & Financial Services (IL&FS) has increased its stake in Maytas Infra to 37.01 per cent by acquiring shares given as surety for a loan by the family of disgraced Satyam founder B Ramalinga Raju, promoters of the company.

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Declaration of assets by judges may serve as legal document
As corruption cases against members of the judiciary make the headlines, a proposed bill on judicial accountability has suggested that the declaration of assets made by judges will be treated as a "legal document" and can be used to investigate complaints against them.
Public Relations

Andhra Bank profit jumps 70% to Rs 274 cr

State-run lender Andhra Bank today said its net profit rose by 69.58 per cent to Rs 273.97 crore for the second quarter ended September 30, 2009, over the same period last year. - HPCL net loss at Rs 136 cr - Sun TV Network profit surges 20% to Rs 130 cr - Reliance Power net rises five-fold to Rs 194 cr - Kingfisher Airlines net declines 13% at Rs 418 cr - Welspun up 5% - Wipro rises 2% Total income rose to Rs 1,790.92 crore in the quarter ended September 30, against Rs 1,454.53 crore in the same period last fiscal, Andhra Bank said in a filing to the Bombay Stock Exchange(BSE). Shares of Andhra Bank were trading at Rs 113.60 on the BSE, up 2.11 per cent from its previous close.


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