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Kraft Foods Q3 net drops 39%, remains interested in Cadbury
US food major Kraft Foods has reported a 39.5 per cent drop in the third quarter net earnings at $824 million, but said it remains interested in acquiring British confectionery firm Cadbury.

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Patni allots 2.11 lakh shares under stock option plan
IT solutions provider Patni Computer Systems today said it has allotted over 2.11 lakh underlying equity shares to Bank of New York and certain employees under the stock option plan.

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Bajaj Auto's net grows nearly 3-fold
Bajaj Auto recorded a near three-fold increase in net profit at Rs 475 crore in the quarter ended December 31, 2009, beating market estimates. India’s second-largest motorcycle maker saw high demand for its vehicles, essentially driven by the high-margin, but low-capacity bikes introduced recently.
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Gold futures prices decline on weak global cues

Gold futures prices declined by 0.11 per cent on the Multi Commodity Exchange today as speculators indulged in reducing their positions in tandem with weak overseas trend. - Silver prices trade higher on firm global cues - Silver prices set to touch Rs 27,000 per kg by December - NMCE to raise Rs 50-60 cr for overseas strategic investments - Comexes" turnover up 38 per cent - Crude oil futures up 1.3% on firm global cues - MCX launches futures trading in almond Gold for October month contract fell by 0.11 per cent to Rs 14,878 per ten gram, clocking an open interest of 14,170 lots. Similarly, gold for December contract shed 0.09 per cent to Rs 14,891 per ten gram, clocking an open interest of 1,217 lots. Marketmen said speculators reducing their positions influenced by weakening trend in the Asian region mainly led to fall in gold prices at futures market here. Meanwhile, gold prices traded lower in Hong Kong at 944 dollars an ounce against Friday"s close of $956.30.


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