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News headlines: Corporate
‰ Patni board would reportedly meet on Monday to approve the sale
of 60% stake in the company to i-Gate. (ET)
‰ Nano sales have reportedly increased to 5,000 units in December
following availability of better financing options. (ET)
‰ L&T has won a Rs 11.64bn order for its metallurgical and water
operating division, including an order of Rs 5.23bn from Tata
Steel. (BS)
‰ ONGC has leased an ultra-deepwater drilling rig from Drilling
Company for US$1.1bn for five years. (ET)
News headlines: Economic and political
‰ Food inflation climbed to a 10-week high of 14.44% for the week
ended December 18. (FE)
‰ The Government has approved the introduction of a Bill in the
Parliament to amend the Mines Act of 1952. (Mint)
‰ After RBI stopped facilitating payments for Iranian crude imports,
Iran has refused to sell oil under the new guidelines, maintaining it
would sell only under the Asian Clearing Union (ACU) mechanism.
(BS)
‰ Government has approved an equity infusion of Rs12bn into Air
India. (Mint)
News headlines: Corporate
‰ SBI has announced plans to raise Rs120bn through bonds by
March 2012. (BS)
‰ LIC Housing Finance shareholders have approved stock split of
1:5. (FE)
‰ Sahara India has reported acquiring Grosvenor House hotel in
London from RBS for GBP470m. (NDTV)
‰ HCL Infosystems will buy a 20% stake in a Nokia distributor in
the Middle East. (BS)
‰ Blackberry maker RIM has offered data tapping at its premises in
India in an effort to end the impasse with the government. India’s
Interior ministry has ordered DoT to validate RIMs claims that it
had installed a ‘cloud computing based system’ to legally intercept
Messenger services on its handsets. (ET)
‰ The government may be forced to suspend the contractual
obligations of Australian explorer Santos Ltd relating to a block in
the Bay of Bengal because of a maritime boundary dispute with
Bangladesh. (ET)
‰ Gujarat government launched the 500 MW Gujarat Solar Park
(GSP), to be set up at an estimated cost of Rs 12.47bn. (NDTV)
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