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Singur land not 'formally' sought: Industry minister
The West Bengal government had not sought return of the land at Singur from Tata Motors ‘formally’, said West Bengal commerce and industry minister Nirupam Sen, a day after Ratan Tata said the government had not approached for the land. Speaking on the sidelines of a seminar organized by Assocham in association with the Bengal Chamber of Commerce & Industry and Merchants’ Chamber of Commerce, Sen said, though the government had not formally asked for the land, the company had been informed about the Bhel proposal and later the Railways proposal. Sen said, unless the Railways submitted a formal proposal, the government would not ask for the land back. With Sen’s comments, it appears that Singur was once again in limbo, as Railways has made it clear that it would not visit the land as it belonged to Tata Motors.

35-member Indian delegation for Copenhagen climate talks
The international climate change talks, which started in Copenhagen today, will see a 35-member official delegation from India. The attempt will be to negotiate a new global climate treaty to replace or extend the 1997 Kyoto Protocol beyond 2012.

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Alok rises on Dawn Mills deal
Alok Industries closed at Rs 22, higher by Rs 1 or 5%, on the BSE.
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IOC Q3 profit plunges 76% to Rs 697 cr

Indian Oil Corporation (IOC), the country"s largest refiner, today reported a steep decline of 76.45 per cent in net profit at Rs 696.59 crore for the third quarter ended December. - NTPC Q3 net up 5% to Rs 2,365 cr - Apollo Tyres Q3 net zooms over 18 times on topline growth - Great Eastern Shipping Q3 net dips 68% to Rs 94 cr - Tata Comm Q3 net zooms threefold to Rs 282 cr - Daiichi swings to profit of $43 mn in Apr-Dec - BEML Q3 net dips 21% to Rs 46 cr The state-run oil major had a net profit of Rs 2,958.59 crore during the October-December quarter last financial year. However, net sales of the company rose to Rs 65,225.72 crore during the December quarter of the current fiscal from Rs 61301.67 crore of the corresponding quarter a year earlier, IOC said in a filing to the Bombay Stock Exchange. For the nine-month period ended December 2009, IOC posted a net profit of Rs 4663.78 crore, while the company had a net loss of Rs 3673.41 crore during the year ago period. Shares of IOC today closed at Rs 301.30, marginally down by 0.36 per cent on the BSE.


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