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Produce ink for currency notes in Gujarat: Modi
Gujarat Chief Minister Narendra Modi asked the chemical industry in the state to take up the challenge of manufacturing ink used for printing currency notes.

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BHEL net up 36%
Bharat Heavy Electricals Ltd (BHEL), the country’s largest power equipment manufacturer, has posted a 36 per cent jump in net profit for the quarter ended December 2009 on the back of lower raw material costs.

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Govt reviewing export sectors for more stimulus, says DGFT
The government is assessing the needs of major export-oriented sectors hit by the economic slowdown to provide support for their fast recovery, Director General of Foreign Trade R S Gujral said today.
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Tata Power completes FCCB allotment

Tata Power today announced the completion of allotment of $300 million Foreign Currency Convertible Bonds (FCCBs) on November 20. - Dish TV Announces pricing of GDR offering - India Inc takes swap route to beat FCCB redemption blues - REI Agro raises $105 mn through FCCBs - Tata Steel offers to swap $875 mn of securities - Tata Steel okays exchange offer for $875mn securities - Tata Power: Cost side story Tata Power had earlier this month launched and priced $250 million+ upsize option of $50 million, 5 years and 1 day, 1.75 per cent coupon FCCB offering. The FCCBs are convertible at 10 per cent premium over Tata Power’s closing share price on National Stock Exchange (NSE) on November 5 and bear a yield to maturity of 3.5 per cent per annum calculated on a semi-annual basis. These bonds will be listed on the Singapore Stock Exchange. Nomura is the sole underwriter and book runner to the offering.


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