---------------------------------------------------------------

Important News

---------------------------------------------------------------

 NMDC, produced 175.56 lakh tonnes iron ore during the first 

nine months of the current fiscal, a 13.3% dip over 202.79 lakh 

tonnes produced a year ago

 Aurobindo Pharma Limited has received final approvals from 

the US Food & Drug Administration (USFDA) to manufacture 

and market Felodipine Extended-release tablets.

 HDFC Bank reported 30% increase in net profit at Rs 1,859 for 

the December quarter on the back of 24% growth in loan book. 

The banks  total income rose 22% Rs 10506 crore while net 

interest income (NII) was Rs 3799 crore rising 22% over the 

corresponding quarter last year.

 The Empowered Group of Minister, headed by Finance Minister 

P Chidambaram, will meet on  January 24 to fix the price for 

selling 10% stake in Oil India (OIL), which could fetch over Rs 

3,000 crore to the exchequer.

 Government has shortlisted three merchant bankers, including 

IDFC, for selling 9.33% of its stake in MMTC in the current fiscal.

The Department of Disinvestment (DoD) has shortlisted three 

investment bankers - Avendus, IDBI Capital Market Services and 

IDFC to manage the stake sale of the PSU.