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    Headlines on camera

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<b>The country&#39;s largest mortgage lender HDFC today reported a 23 per cent growth in net profit to Rs 694.59 crore for the first quarter ended June 30, 2010.</b>
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The housing lender had a net profit of Rs 564.92 crore in the June quarter of the previous fiscal, HDFC said in a filing to the Bombay Stock Exchange.
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The total income, however, declined to Rs 2,801.95 crore during the quarter from Rs 2,849.07 crore in the same period of the last fiscal.
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Shares of HDFC closed at Rs 3,074.95, up 0.38 per cent on the BSE.
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<b>BS file photo</b>
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    The country's largest mortgage lender HDFC today reported a 23 per cent growth in net profit to Rs 694.59 crore for the first quarter ended June 30, 2010.

    The housing lender had a net profit of Rs 564.92 crore in the June quarter of the previous fiscal, HDFC said in a filing to the Bombay Stock Exchange.

    The total income, however, declined to Rs 2,801.95 crore during the quarter from Rs 2,849.07 crore in the same period of the last fiscal.

    Shares of HDFC closed at Rs 3,074.95, up 0.38 per cent on the BSE.

    BS file photo

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<b>A man talks on a mobile phone in front of advisements of Bharti Airtel in Siliguri</b>
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Bharti Airtel&#39;s annual debt servicing cost for its African deal has been pegged at $200 million, Manik Jhangiani, group CFO at the mobile operator&#39;s parent Bharti Enterprises said on Wednesday.
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Bharti Airtel last month completed its $9 billion acquisition of mobile operations in 15 African countries from Kuwait&#39;s Zain in a deal that made the Indian firm the world&#39;s fifth biggest cellphone company by subscribers.
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<b>Picture by Reuters</b>
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    A man talks on a mobile phone in front of advisements of Bharti Airtel in Siliguri

    Bharti Airtel's annual debt servicing cost for its African deal has been pegged at $200 million, Manik Jhangiani, group CFO at the mobile operator's parent Bharti Enterprises said on Wednesday.

    Bharti Airtel last month completed its $9 billion acquisition of mobile operations in 15 African countries from Kuwait's Zain in a deal that made the Indian firm the world's fifth biggest cellphone company by subscribers.

    Picture by Reuters

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<b>Finance Minister Pranab Mukherjee smiles during a news conference in New Delhi</b>
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Inflation will moderate after the summer harvest and expects the fiscal deficit target of 5.5 per cent for the year ending March to be achieved, the Finance Minister said on Wednesday.
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While India is on track to grow at 8.5 per cent in 2010-11, it is grappling with wholesale price index inflation that hit 10.55 per cent in June.
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Markets widely expect Reserve Bank of India to raise policy rates by 25 basis points in its scheduled policy review on July 27.
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<b>Picture by Reuters</b>
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    Finance Minister Pranab Mukherjee smiles during a news conference in New Delhi

    Inflation will moderate after the summer harvest and expects the fiscal deficit target of 5.5 per cent for the year ending March to be achieved, the Finance Minister said on Wednesday.

    While India is on track to grow at 8.5 per cent in 2010-11, it is grappling with wholesale price index inflation that hit 10.55 per cent in June.

    Markets widely expect Reserve Bank of India to raise policy rates by 25 basis points in its scheduled policy review on July 27.

    Picture by Reuters

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<b>Tail fins of British Airways aircraft are seen as an Iberia Airlines aircraft comes in to land at Heathrow Airport in west London</b>
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British Airways and Spain&#39;s Iberia gained EU regulatory approval on Wednesday for their merger to create the world&#39;s third-largest airline.
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The carriers hope the merger will enable them to compete better with rivals Lufthansa and Air France, as well as low-cost carrier Ryanair. It will also clear the way for a tie-up with American Airlines.
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The European Commission, the EU competition regulator, said the merger would not significantly impede competition in the markets.
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<b>Picture by Reuters</b>
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    Tail fins of British Airways aircraft are seen as an Iberia Airlines aircraft comes in to land at Heathrow Airport in west London

    British Airways and Spain's Iberia gained EU regulatory approval on Wednesday for their merger to create the world's third-largest airline.

    The carriers hope the merger will enable them to compete better with rivals Lufthansa and Air France, as well as low-cost carrier Ryanair. It will also clear the way for a tie-up with American Airlines.

    The European Commission, the EU competition regulator, said the merger would not significantly impede competition in the markets.

    Picture by Reuters

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