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Buzzing Stocks
· JSW Group plans to enter the agri business, sell branded fruits & veggies.
· State Bank of India has re-jigged and extended its teaser home and auto loans schemes for three months up to March 2011.
· With an eye on having a global footprint as well as securing supplies of key raw material like coking coal and iron ore, SAIL is looking at building steel plants abroad.
· Hero Group says its exposure in the alleged financial fraud at Citigroup was Rs287.5mn.
· BHEL is exploring the possibility of setting up an assembly unit in Indonesia to grab a sizeable market share of the growing demand for power equipment in the South-East Asian country.
· Tata Steel plans to ink an agreement with Japan-based Nippon Steel by end-this month to set up a Rs24bn steel plant for producing auto-grade steel.
· Jindal Steel & Power plans to build its first oil refinery to expand its energy business in the domestic and overseas markets.
· ICICI Bank is keen to acquire more local banks to expand in the smaller towns in India.
· NTPC plans setting up a 4000MW power project at Pudimadaka in Anakapally mandal of Visakhapatnam district at an approximate cost of Rs230bn.
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