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BoB, IOB, Andhra Bank to set up subsidiary in Malaysia
Public sector lenders, Bank of Baroda (BOB), Indian Overseas Bank (IOB) and Andhra Bank have signed a joint venture agreement for setting up India BIA Bank (Malaysia) Bhd, a banking subsidiary in Malaysia.

Swine flu could hospitalise 2 mn, kill 90,000 in US
There are possibilities that swine flu could engulf a large part of the US ending up in hospitalising two million people this winter and killing as much as 90,000 in the country, a White House report said today.

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SAIL Sales up 14% in Q2
The country’s largest steel maker, Steel Authority of India Ltd (SAIL) today reported 14 per cent growth in its sales at over 3 million tonnes during the second quarter ended September 2009, over the year-ago period. “The company achieved record Q2 sales of over 3 million tonnes, registering growth of 14 per cent over the corresponding period last year,” SAIL said in a statement.
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Satyam, Quattrocchi kept CBI busy in 2009

The probe into the Rs 14,000-crore Satyam fraud, clean chit to Italian businessman Ottavio Quattrocchi in the Bofors payoff scam and a number of high- profile cases kept the country"s premier investigating agency busy in 2009. - IL&FS hikes stake in Maytas Infra to 37.01% - Analysts more optimistic about IT services companies - India Inc fought both rivals and downturn with vigour - Sebi panel for compensating victims of public issue scam - Setting up NCTC by the end of the year is feasible - Geetanjali Krishna: The unofficial Tatkal service">Geetanjali Krishna: The unofficial Tatkal service The agency probing the alleged rape and murder of two women in Shopian in Jammu and Kashmir gave a clean chit to four police officials. After three years of probe, CBI in December filed a chargesheet against the two sons of former Haryana chief minister Om Prakash Chautala. Acting on the Andhra Pradesh government"s request, CBI had on February 18 taken over probe into the Satyam case leading to the arrest of former chairman B Ramalingam Raju, MD B Rama Raju and ex-CFO Vadlamani Srinivas. On January seven, Raju confessed to have cooked the company"s account books and inflated profits over the past several years. The probe in the case has been completed and the agency has filed two chargesheets. Former Union minister Sukhram was convicted and sentenced on February 25 to undergo three years" rigorous imprisonment with a fine of Rs two lakh in a disproportionate assets case. In a first of its kind incident, senior RAW officer A S Narayan Rao was on February 3 arrested by CBI for allegedly taking a bribe of Rs one lakh from a Chennai-based manufacturer.


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