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SBI Q3 net down 8.4% to Rs 3,305 cr
The country"s largest lender, State Bank of India (SBI), reported a 8.40 per cent decline in its consolidated net profit at Rs 3,304.59 crore for the third quarter ended December 31, 2009.

Oman Oil pays 50% premium to up stake in Bina Refinery
Oman Oil Company (OOC) has paid a full 50 per cent premium for a re-entry into the Rs 11,397-crore Bina Refinery project of the state-run Bharat Petroleum Corporation (BPCL).

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Satluj Jal Vidyut IPO likely in next fiscal: CMD
Public sector hydropower producer Satluj Jal Vidyut Nigam (SJVN) today said its proposed initial public offer is likely to come in the next fiscal and the company is in the process of appointing independent directors, a prerequisite for firms planning to hit the market.
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Gatecrashers met Obama, Singh; Secret Service apologises

American couple Michaele and Tareq Salahi, who gatecrashed into a State Dinner on Tuesday, came face to face with US President Barack Obama as well as Prime Minister Manmohan Singh at the event, in the White House. - Flavour of India at Obama"s first State Dinner - UK, France against "double standards" in fight against terror - PM for emission reduction target with equitable burden-sharing - India can"t quiz Headley, Rana due to legal issues in US: Jones - India won"t be deal-breaker at Copenhagen: Sarkozy - Aditi Phadnis: Bulldozer's tracks">Aditi Phadnis: Bulldozer's tracks A White House picture posted on several US websites showed the reality TV stars being greeted by Obama at a reception line with Manmohan Singh standing alongside. A White House official said the couple, who attended the State Dinner without an invitation, did meet the President in the receiving line, but the gatecrashing has led to security alarm buttons being pressed. The President has ordered a full review of the incident. An internal Secret Service investigation is already underway as the socialite couple breached several layers of security to mingle with the international who"s who at the White House lawns. "The Secret Service is deeply concerned and embarrassed by the circumstances surrounding the State Dinner," Mark Sullivan, director of the Secret Service said in a statement. Sporting a tuxedo and a flowing lehenga, the Salahis posted their entry into the mega event on Facebook, with photographs taken with Vice President Joe Biden and White House Chief of Staff Rahm Emanuel. "Although these individuals went through magnetometers and other levels of screening, they should have been prohibited from entering the event entirely," Sullivan said admitting, "that failing is ours." Now the Secret Service say they made a mistake and are taking actions to identify exactly what happened and they will take the appropriate measures pending the results of their investigation, White House spokesman Nick Shapiro said. Meanwhile, amidst media reports, the Indian Embassy in an statement said it had not requested any invitation for Michaele and Tareq Salahi. The couple were known for their proximity to the Indian mission and were instrumental in the US-India Polo match scheduled for next summer at the prestigious National Mall. Neither the embassy nor anyone from the embassy was involved in any way in their getting into the White House. Nor did we request any invitation for them," the Indian Embassy said in a statement.


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