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It has been reported that Russian businessmen prefer to keep their heirs away from family business in a bid to spare them from the "burden and uncertainty that accompany running a large business".

Only 32 percent of the respondents want their children to continue the business while 68 percent insist their offspring choose their own career, a poll conducted by UBS and Campden Research companies has revealed.

The survey was conducted among 25 Russian businessmen, whose fortune exceeds $100 million.

FMCG major Emami has recorded an increase of 44% in its net profit for the quarter ended March 31, 2010.

The company's recorded a net profit of Rs 39 crore over the corresponding period last year.

The company's global business with revenues of Rs 45 crore registered a growth of 43.9% during the fourth quarter.

The growth for the year stood at 36% with exports at Rs 133 crore.

The state-owned energy giant ONGC has declared the results for the three month period ended March 2010.

Oil and gas exploration major has registered a gain of 71% in its net profit, which stood at Rs 3,776 crore for the quarter under review as compared to Rs 2,207 crore in the same period of the last year.

Net sales of the company increase by 7.36% to Rs 14,713 crore as against Rs 13,704 crore in the January-March 2009 quarter.

Officials have reported that at least one reporter was killed in a volcanic eruption in the Central American state of Guatemala overnight on Friday.

The authorities did not immediately confirm two further deaths, which had been reported earlier.

It was also reported that several people were injured in the eruption of the Pacaya volcano, and Guatemalan President Alvaro Colom declared a state of emergency in the area, affecting the provinces of Guatemala and Esquintla.

Indian currency continued to register gain on Friday, gaining 90 paise to 46.39 a dollar as the greenback shed all its gains against major currencies and strong environment in equity markets.

The market was closed for 'Buddha Purnima' yesterday.

According to traders at the Interbank Foreign Exchange (FOREX), the rupee gained 59 paise to 46.70 versus the US currency in the morning trade on account of strong reactions in the Indian bourses.

Afterward, the local unit moved in a wide range and hit an intra-day high of 46.76 and an intraday low of 46.32.

According to a hospital statement Former child star Gary Coleman has died aged 42 following a brain hemorrhage.

The diminutive Coleman starred in the hit TV series "Different Strokes" from 1978 to 1986 as a plucky Harlem eight-year-old adopted by a wealthy white family.