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Irda mulls Fee cap on traditional policies
IPO guidelines next month; derivatives products on cards. http://smallpersonalloans.org.uk

ONGC inks pact for sourcing LNG from Iran
ONGC and ONGC Videsh (OVL), the overseas investment arm of ONGC, in association with the Hinduja Group and Petronet LNG, have entered into two broad enabling agreements with Iranian authorities for participation in development of gas fields and liquefaction facilities in Iran, in return for assured minimum six million tonnes a year of LNG on long-term basis. ONGC made an announcement on the Bombay Stock Exchange (BSE) today.

News of the day

India Inc to witness 20-30% pick up in hirings
Riding high on a 6-7 per cent expected economic growth and signs of global economy gradually bouncing back, India Inc is likely to hire 20-30 per cent more talent in 2010, a top industry official said.
Corporate

Chettinad Cement erases gains, ends flat

The stock erased all its gains and ended flat at Rs 450. The counter clocked volumes of 621 shares as compared to the two-week daily average traded volumes of 278 shares on the BSE. _____________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The cement major is increasing its capacity to 13.4 million tonnes (mt) by 2013 from the current 7.5 million tonnes. This would include a greenfield plant at Gulbarga in Karnataka at an investment of around Rs 700 crore in Phase 1. Chettinad Cement, which began operations with 0.2 mt in 1962, now produces 7.5 million tonnes across its plants at Puliyur, Karikkali and Ariyalur in Tamil Nadu.


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