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Maytas Infra board moves CLB for removal of former director
In a surprise move, the Maytas Infra board today approached the Company Law Board (CLB) to remove erstwhile director R P Raju from proceedings in a case filed by the government for superseding of the company"s board.

Oman Oil pays 50% premium to up stake in Bina Refinery
Oman Oil Company (OOC) has paid a full 50 per cent premium for a re-entry into the Rs 11,397-crore Bina Refinery project of the state-run Bharat Petroleum Corporation (BPCL).

News of the day

Shipping: All hands on deck
The upswing in Baltic Dry Index numbers recently to a 14 month high closing at 4661 on 19 November 09, raised hopes that a revival for the shipping sector is afoot sending shipping stocks zooming. Freight and tanker rates dropped sharply in July - September 09 quarter, but gained strength in October 09 which has sustained through November 09 as well. They hit 10 year lows in the December 08.
Online Business

HDFC targets 20% loan disbursal growth

Mortgage major Housing Development Finance Corp (HDFC) aimed to grow loan approvals as well as disbursements by at least 20 per cent in the current financial year, Joint Managing Director Renu Sud Karnad said today. HDFC has already seen a rise in new home loan applications, she said.


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