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IIFCL to sign $700 mn loan agreement with ADB
India Infrastructure Finance Company (IIFCL) will sign a loan agreement of $700 million with the Asian Development Bank (ADB) next month, a top company official said here today.

Look where we are!
The Congress’ ‘outside supporter,’ Samajwadi Party (SP), joined the Left protest against the disinvestment policy of the UPA government in the Lok Sabha. The Congress-led UPA also showed aggression. Finance Minister Pranab Mukherjee told CPI(M) leader Basudeb Acharya, “Thank god we didn’t follow your policies. Otherwise, we would have occupied your position instead of leading the country today.” The Congress secured a record 206 seats in the 15th Lok Sabha while the CPI(M) recorded its lowest ever tally of just 16 seats.

News of the day

6 firms respond to Punjab offer
Six firms including TCE Consulting Engineers Ltd, Kirloskar Consultants Ltd and Desein Pvt Ltd have submitted bids to Punjab State Electricity Board (PSEB) for rendering consultancy and services for obtaining environmental clearance and no objection certificate for the 1,000-Mw gas-based power project in the existing premises of Guru Gobind Singh Super Thermal Plant (GGSSTP), in Ropar.
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US markets end mixed; Mahindra Satyam surges

US markets were mixed on Wednesday. The Dow slipped 19 points to 10.452 on weak energy shares. The Nasdaq, however, added nine points to 2,185. - Markets in consolidation mode - US markets ended on a positive note; Dow Jones up 1% - No need for imports - Markets spurt on positive global cues; auto, pharma, metals lead - Dubai World in talks to recast $26 billion debt - A K Bhattacharya: Sweet and bitter memories of a decade">A K Bhattacharya: Sweet and bitter memories of a decade Indian ADRs were mixed. Mahindra Satyam jumped over 8% to $4.8. HDFC Bank was up 1.6% to $138.9. Meanwhile, MTNL and Dr Reddy"s slipped 2% each to $3.28 and $24.52, respectively. Tata Motors was down 1% at $15.68.


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