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Banks credit-deposit ratio declines to 61.31%
With the economic slowdown impacting the demand for credit, the credit-deposit (CD) ratio of the commercial banks in Orissa declined by 4.08 percent by the end of September compared to the same period last fiscal.

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Tulip Telecom Q1 net up 63% at Rs 75 cr
Enterprise communications services provider Tulip Telecom today said its consolidated net profit has increased by 63.25 per cent to Rs 75.04 crore for the first quarter ended June 30, 2009.

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Eicher subsidiary signs MoU with Vinn Group
VE Commercial Vehicles (VECV), a subsidiary company of Delhi-based Eicher Motors (EML) has signed a non-binding memorandum of understanding (MoU) with the Vinn Group of Sweden to explore business opportunities in the field of engineering design services.
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Chidambaram to meet leaders of eight AP parties

A meeting of eight political parties convened by Home Minister P Chidambaram here tomorrow will try to devise a mechanism and roadmap to resolve the vexed Telangana issue, even as leaders from three regions of Andhra Pradesh are sticking to their known stands. Coming nearly a month after the Centre announced that it would initiate the process of formation of Telangana, the meeting will see the participation of Congress, TDP, TRS, Praja Rajyam, CPI(M), CPI, BJP and MIM - the eight registered political parties in Andhra Pradesh.


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