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Shriram group firm concludes financial closure
Oriental Green Power (OGP), a renewable energy generation company, promoted by Chennai-based Shriram EPC, has said that the company has concluded financial closure to the tune of Rs 400 crore to set up six bio-mass based power plants.

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Aluminium may substitute copper on price volatility
All the base metals on the London Metal Exchange continue to rise higher and higher, aided principally by the growing investor support, improving global economic sentiment and inflation in smelter operational costs. At this point, with investors deciding to pin their faith on positives like good showing by China and India; and Euro zone breaking out of recession and not to be bothered by still wobbling US economy, copper is bid at $7,454 a tonne and aluminium at $2,293 a tonne, for ready delivery.

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Govt probing report of under-declaration of RCom's revenues
Communications Minister A Raja today said the observations made by the special audit — which had found that Reliance Communications and its other subsidiaries under-reported revenues during 2006-07 and 2007-08 — were being examined by his ministry.
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BoB, Indian Bank name Executive Directors

Public sector lenders Bank of Baroda and Indian Bank today announced that they had appointed new Executive Directors. - Magma Fin takes 7% in Experian Credit - Details of bank staff pay hike in 90 days - Indian Bank may float subsidiary for NPA management - More time for IFRS rollout: banks - South Indian Bank scales up biz target by Rs 1,500 cr - IBA agrees on second pension option, wage hike Bank of Baroda today said it had appointed N. S. Srinath as an Executive Director. Srinath was previously a General manger of Canara Bank. V. Rama Gopal, who was previously a General Manager with Andhra Bank has been appointed Executive Director of Indian Bank. Earlier in the day, three other public sectors named new Executive Directors.


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