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Union Bank in talks to buy Indonesian banks
Government-owned Union Bank of India has initiated preliminary discussions with three-four small-sized Indonesian banks for a possible acquisition, a top bank official said.

MRPL reaches understanding on buying crude oil from Cairn
Mangalore Refinery and Petrochemicals (MRPL), the refining unit of Oil and Natural Gas Corp (ONGC), today said it has reached an understanding on a deal to buy crude oil from Rajasthan fields of Cairn India.

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R Gopalan takes charge as Fin Services Secy
R Gopalan, a 1976-batch IAS officer, has been appointed as the Financial Services Secretary in the Finance Ministry.
Online Business

Welspun up 5%

BS Reporter / Mumbai October 28, 2009, 0:17 IST Welspun India rose five per cent to close at a 52-week high of Rs 87.30 after the company posted a phenomenal rise in standalone net profit for the quarter ended September, 2009. Jan cement sales in high double-digit The net profit of the company rose 83 times to Rs 41.74 crore from Rs 50 lakh in the same quarter of previous year.


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