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ECONOMIC SCAN

Dena Bank net up by 29%

MUMBAI: Dena Bank on Tuesday posted a 29 per cent rise in net profit to ` 160.6 crore for the second quarter ended September 30. The bank said retail banking was the main growth driver, revenue from which grew by healthy 37 per cent to ` 332 crore during the quarter. Total income increased 23 per cent to ` 1,340.3 crore as against ` 1,088.1 crore in the year-ago period.

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Titan Eye Plus opens outlet in City

PANAJI: Eye wear, frames and contact lenses, the third line of business from the Titan Group has opened its latest Eye Plus showroom in Magnum Centre, Panaji. On the concept of a customised store, Titan Eye Plus has developed a new concept of eyewear shopping experience to the customers.

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ECONOMIC SCAN

GIM shifts to Sanquelim

PANAJI: Goa Institute of Management (GIM), premier B-school, is gearing up to shift to a sprawling new campus. With the completion of its new state-of-the-art campus at Sanquelim in Sattari Taluka locates a sprawling 50 acre plot surrounded by the idyllic foothills of the Western Ghats.

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US companies seek free high-tech trade with India

WASHINGTON: Ahead of the US President, Mr Barack Obama’s trip, a major US trade association representing 300 top US companies doing business with India has proposed a five-point agenda for advancing India-US economic partnership, including educational collaboration and a free trade agreement.

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Sensex ends down

MUMBAI: Stock market benchmark Sensex closed marginally down on Tuesday, after the RBI increased key short-term lending and borrowing rates to rein in high inflation, a step which Dalal Street pundits said was in line with expectations.

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