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ONGC net profit up 23%
Higher crude price realisation, coupled with lower fuel subsidy, has helped Oil and Natural Gas Corporation (ONGC) post a 23 per cent jump in net profit for the quarter ended December 31. Net profit was Rs 3,054 crore, compared to Rs 2,475 crore in the same quarter last year. Net sales for the quarter rose 23 per cent, to Rs 15,314.5 crore.

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Unilever to buy Sara Lee soaps for $1.88 billion
All-cash deal marks biggest purchase since 2000.

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Deposit rates may rise from Jan
Banks consider raising rates for 3-5 year funds to correct asset-liability mismatch.
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IBM signs Rs 380-crore, 10-year outsourcing deal with Digicable

Information technology major IBM has signed a 10-year strategic outsourcing agreement with cable and broadband distribution player Digicable, for an initial outlay of Rs 380 crore. - IBM bags Rs 380-cr deal from Digicable - IBM goes desi - Kronos in talks with Gujarat firms for workforce management - Indian server mkt could pick up in Q4 "09: Gartner - AV Rajwade: Insider trading">AV Rajwade: Insider trading - IBM sets up centres in colleges As part of this agreement, IBM will support the integration of Digicable’s digital media content delivery and value added services’ applications with its core business technologies and processes. “The business landscape is changing continuously, competition is getting intense and customer demands are increasing exponentially. It is imperative to differentiate ourselves by constantly evolving new and exciting service offerings to attract and retain customers, ably supported by a partner who understands our business and provides significant value-add,” said Jagjit Singh Kohli, MD & CEO, Digicable.


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