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IOC appoints three merchant bankers
State-run Indian Oil Corp (IOC) has appointed three merchant bankers for its maiden overseas bond issue of $500 million (Rs 2,325 crore).

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Next hearing in Balco arbitration in January
The next date for arbitration hearings on the terms of sale of the government’s residual 49 per cent stake in Bharat Aluminium Company (Balco) to Sterlite Industries is January 31. A three-day hearing by a panel of three retired judges of the Supreme Court concluded today.

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Indian Hotels Q2 PAT dips 76% to Rs 12 cr
Tata group company, Indian Hotels Company, today posted a 76.56 per cent decline in profit after tax (PAT) at Rs 11.87 crore for the quarter ended September 30, 2009 on account of slowdown in travel trade.
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Steel Exchange to issue securties worth Rs 300 cr

Steel Exchange India has plans to increase the authorised capital of the company. The decision, in this regard, is expected to be taken in company"s board meeting on January 22. - NTPC files for FPO - Great Eastern back to buying ships - Singapore bourse extends timings, puts pressure on India"s exchanges - Sebi sets timeline for sharing information - NMDC likely to file for FPO by Jan 25 - India asks US not to take action against Satyam The company will also consider the proposal of merger of GSAL (India) with the company subject to the directions of BIFR and also subject to the approval of the members. The company will also consider issuing of securities through follow on public issue up to Rs 150 crore. Besides, it will also consider issuance of securities under QIP up to Rs 150 crore. On the Bombay Stock Exchange, the company"s shares were trading at Rs 36 at IST 1159.


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