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Economic_Times/Business

BP registers annual net profit of 23.9 bn

BP said Tuesday that net profits hit 23.9 billion (18.2 billion euros) in 2011 following a loss the previous year when the British energy giant was ravaged by US Gulf of Mexico oil spill disaster.




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Economic_Times/Business

Forex reserves fall to 291.80 bn in May 11 week - Foreign exchange reserves fell to 291.802 bn as of May 11, from 293.173 bn in the previous week, the RBI said in its weekly statistical supplement on Friday.




Bank of Ireland seeking to cut more than 1K jobs - Bank of Ireland is seeking to axe more than 1,000 jobs in a voluntary redundancy deal, as part of cost-cutting measures at the group, it said on Friday.




British MPs write to Manmohan against nuke plant - A few British lawmakers have written to PM & Jayalalitha protesting against the nuclear power plant at Koodankulam in a tsunami-prone area of TN.




Cos abetting bribery need to be severely punished - Private companies indulging in bribery get away with less or no punishment because of the lacunae in Indias anti-corruption law, CVC said.




IndiGo surges past Jet Airways in mkt share - Budget carrier IndiGo has tripped countrys largest carrier Jet Airways in standalone market share, latest passenger data released by the government shows.




Euro crisis to cut growth in transition nations - EBRD said that the eurozone crisis would slash growth this year across its current and future transition countries of operation.




Tata Steel Q4 net profit falls 8.6 lags estimate - Tata Steel Q4 net profit falls 8.6%, lags estimateTata Steel posted a bigger-than-expected drop in fourth quarterly profit at Rs 1,560.51cr, hit by weak prices and lower volumes in its main European market.




Facebook wraps up IPO set for big debut on Nasdaq - Facebook wraps up IPO, set for big debut on NasdaqFacebook Inc is set to raise up to 18.4 billion in its IPO and become the first US company to be worth more than 100 billion at its debut.




Re fall unlikely to drive up inflation risks Credit Suisse - Re fall unlikely to drive up inflation risks: Credit SuisseCredit Suisse believes that the massive fall in currencies is unlikely to lead to higher inflation in the country and rest of Asia.




Austerity drive Govt spending on foreign travel & 5-star hotels to be cut - Austerity drive: Govt spending on foreign travel & 5-star hotels to be cutAlso on the cards is pruning of allocations made to various schemes, where spending will be insisted on current outlay before asking for additional money.




Brit MPs write to Manmohan Singh against KNPP - A few British lawmakers have written to Manmohan Singh & Jayalalitha protesting against the nuclear power plant at Koodankulam in a tsunami-prone area.




No specific instance of terror funds into realty - The government today said no specific instance of flow of terror funds into the real estate sector has come to its notice.




Mamata calls for reconsideration of ban on SRK - Mamata Banerjee today called for reconsideration of the decision to ban Shah Rukh Khan from entering the Wankhede Stadium for five years.




SRK scuffle at Wankhede sad Khurshid - These are very sad developments in our society. Clashes between citizens and authorities are always very sad things, Khurshid told reporters.




Panel asks govt to speed up poverty survey - A parliamentary panel has expressed concern that the SECC is yet to start in major states, & has asked the govt to complete the identification of poor at the earliest.






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