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News In Pictures: 27 April 2009

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Bharti Airtel is expected to report quarterly profit rose by a fifth as it benefits from a strategy of keeping tariffs steady, while rivals cut prices to boost market share. Cheaper call tariffs and expanding networks have helped mobile operators add subscribers at a furious pace, making India the world's fastest-growing wireless market. (Reuters)


Shares in leading drug maker Ranbaxy Laboratories fell as much as 9 per cent on Monday after it posted a huge first-quarter loss and forecast a second year of losses, hit by derivatives losses and falling revenue following a US import ban. Ranbaxy, in which Japan's Daiichi Sankyo last year bought a controlling 64 per cent stake, has said it expected net losses of about $150 million in 2009 and also said revenue would fall 9 percent to $1.4 billion. (Reuters)


Reliance Industries has resumed crude oil production from one well in its east coast deepwater block, the country's upstream regulator said on Monday. Reliance stopped crude oil production form the Krishna Godavari block, popularly known as D-6, from March 22 to add more wells to raise the crude oil output. (Reuters)