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Mumbai, Aug 12 : The country's largest lender State Bank of India (SBI) Monday said its net profit dropped by 13.6 percent to Rs. 3,241.08 crore (Rs. 32.41 billion) for the quarter ended June 30 due to higher operating expenses and sluggish growth in interest income.

The bank has posted a net profit of Rs. 3,241.08 crore for April-June quarter of the current financial year as compared to Rs. 3,751.56 crore profit recorded during the same period last fiscal, posting a decline of 13.6 percent.

Mumbai, Aug 12 : Filmmaker Kabir Khan's last film "Ek Tha Tiger" was about the life of a RAW agent. He is now set to cast actor Saif Ali Khan in a film about counter-terrorism post the 26/11 Mumbai attack.

The film is to be written by Hussain Zaidi, a prominent crime writer whose scrupulously researched books have earlier been the basis of Anurag Kashyap's "Black Friday" and Sanjay Gupta's "Shootout At Wadala".

Toronto, Aug 12 : Serena Williams cruised to victory in the Rogers Cup final beating Sorana Cirstea to capture her third title here.

Williams won 6-2, 6-0 in a match that lasted only 65 minutes on Sunday, reports Xinhua.

With three career Rogers Cup titles, Williams sits second behind Monica Seles and Chris Evert, who both have four Rogers Cup titles in the modern era. Her previous victories were in 2011 and 2001.

"For me, this is a big tournament. This is one of the big stops of the year," said Williams after the match.

Shares of Indian pharmaceuticals giant Sun Pharma gained as much as 9 per cent in early trade on Monday, even though the company suffered a hefty loss during the April-June quarter.

Sun Pharma late last week reported a net loss of Rs 1,276.1 crore for the three months ended June 30, 2013, as against a net profit of Rs 795.5 crore in the corresponding period of last year.

Irish building materials provider CRH has reportedly agreed to acquire a controlling stake in Indian cement producer Sree Jayajothi Cements Ltd for an enterprise valuation of nearly Rs 1400 crore.

Sources with direct knowledge of the transaction said that the two sides signed the deal this weekend and that a formal announcement could be made as early as Monday.

The sources also said that CRH would acquire controlling stake in Sree Jayajothi Cements via its Indian subsidiary My Home Industries Ltd.

EUR/USD reversed higher three weeks back from around 1.2750 level, but recovery since early April still has a corrective look.