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Flood damage estimated at Rs 12225 cr
The damage caused by the devastating floods in the Krishna river basin of Andhra Pradesh has been preliminarily estimated at Rs 12,225 crore, chief minister, K Rosaiah, said urging the Centre to release Rs 6,000 crore immediately for undertaking, relief, rehabilitation and restoration works.

India, Russia reach agreement on Gorskhkov, to ink nuke deal
India and Russia have reached a broad agreement to break the logjam over the protracted price renegotiation over Admiral Gorshkov aircraft carrier and the two sides are expected to sign a landmark civil nuclear pact during summit talks between Prime Minister Manmohan Singh and President Dmitry Medvedev tomorrow.

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TVS likely to foray into above 200 cc bike segment
Chennai-based TVS Motor today said it may venture into the above 200 cc segment in the bikes market as the company looks to increase its footprint in two-wheeler business.
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Nalco up on hike in prices

Nalco closed at Rs 392, higher by Rs 16 or 4.5%, on the BSE. - Sun Pharma up on new support in Taro war - Sun TV up on restructuring plans - Nalco hikes prices by Rs 3,500 a tonne - Nava Bharat soars on acquiring 65% Zambian coal mine - M&M erases gains, ends down 1% - NPCIL needs Rs 1 lakh crore for capacity addition by 2020 The stock opened at Rs 376 and touched a high of Rs 393 and a low of Rs 376 during the day. The volumes surged to 58,553 shares as against the 2-week average of 18,55 shares. ___________________________________________________________ (Updated at 1018am) State-run National Aluminium Company (Nalco) has advanced on hike in prices. The stock opened at Rs 376 and soared to a high of Rs 381. The scrip is now trading at Rs 380, up 1% from its previous close. The counter has clocked volumes of 1,593 shares as compared to the two-week daily average traded volumes of 18,558 shares on the BSE. Nalco increased the prices of aluminium by Rs 3,500 a tonne. This has been a second hike for the prevailing month following an improvement in the metals rate at the London Metal Exchange (LME).


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