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BoB Q3 profit up 18% on strong growth in fee-income
Backed by a healthy growth in core fee-income, Bank of Baroda (BoB), overcame challenging market conditions to post a 17.5 per cent jump in net profit in the third quarter, overshadowing the muted earnings posted by many of its peers.

Obama less attentive to Indo-US friendship: US diplomat
A top diplomat of the Bush Administration who was its point man for negotiations on Indo-US nuclear deal, has accused President Barack Obama of being less attentive to the partnership between the two countries, saying the relationship has been stalled in some critical issues.

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Direct tax kitty swells 4 per cent in October
Hit by a drop in corporate tax revenues, direct tax collections rose marginally to Rs 20,822 crore in October, compared with Rs 19,708 crore in the corresponding month last year.
Public Relations

ArcelorMittal's open offer for Uttam Galva from Dec 19

Global steel giant ArcelorMittal"s open offer for a 29.4 per cent stake in domestic company Uttam Galva will begin on December 19, according to a Bombay Stock Exchange (BSE) filing by the secondary steel maker. - ArcelorMittal may slash 10,000 jobs in 2010: report - Rising Chinese steel capacity a worry for other nations - No profit from excess carbon credits: ArcelorMittal - ArcelorMittal to gain Rs 7,000 crore from EU carbon credits - L N Mittal to gain 1 bn pound on carbon credits - Bharati"s open offer for Great Offshore from Dec 3 In a filing to the BSE Uttam Galva said the open offer by SBI Capital Markets, on behalf of ArcelorMittal Netherlands BV, will now begin on December 19, 2009, against the earlier schedule of October 31, 2009. The offer would close on January 7, 2010. In October, ArcelorMittal bought 5.6 per cent stake in Uttam Galva and had planned to launch the open offer to buy the additional 29.4 per cent stake in the Indian firm at Rs 120 a share, which was due to close on November 19, 2009. The steel maker was awaiting Sebi approval for acquiring the additional shares in Uttam Galva. Shares of Uttam Galva closed at Rs 117.15, up 0.26 per cent over previous close on the BSE.


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