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Flat steel to cost Rs 1,500/tn more from January 1
The prices of flat steel — used in automobile and consumer durables — are set to increase by Rs 700-1,500 a tonne from January 1, after showing a soft-to-downward trend in the last five months.

Haryana Finance Corporation told to refund money
The Supreme Court (SC) last week asked the Haryana Financial Corporation to refund the amount received from a buyer of a defaulting unit as it had not disclosed certain vital facts to the buyer. The corporation had forfeited the amount when the buyer withdrew from the contract of sale. The SC stated in the case, Haryana Financial Corporation vs Rajesh Gupta, that a “mere perusal of the provisions of the Transfer of Property Act will show that it was incumbent upon the corporation to disclose to the buyer about the non-existence of an independent passage to the unit. It was also the duty of the corporation to inform the buyer that the passage mentioned in the revenue record was not fit for movement of vehicles. The corporation also failed to show the buyer the entire documentation as required by law.”

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JSW Energy fixes issue price for at Rs 100
Private sector power producer JSW Energy has fixed the issue price of its public offer at Rs 100 per share, at the lower end of its price band.
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Number of Indian students to Australia may fall by 50%: IDP

In the backdrop of a spate of racial attacks in Australia, Down Under could witness about a 50 per cent drop in Indian students in the next session, according to an international educational recruiter. - Bhushan Steel"s Aussie takeover in fresh doubt - Australian treasurer warns, unemployment to rise - Rajesh Tandon: Educational route to Australia">Rajesh Tandon: Educational route to Australia - Teaching is not enough - India, Australia to conclude MoU for student mobility - Cutting across edges In our India offices we"re expecting our 2010 February intake to be down by about 50 per cent," IDP Education chief executive Tony Pollock said, according to an ABC report. IDP which works with 400 institutions across Australia and takes in 35,000 students released a survey today conducted on over 6,000 students from eight countries including 1,100 students from India. Pollock felt that the fall in numbers might be entirely due to safety and security issues, global slowdown could also play a part in it. "We have the GFC [global financial crisis], which has obviously impacted upon families in India and that"s evident by the fact that the applications for other countries are way down, particularly the United States." The survey was to find out what foreign students thought about Australia in comparison to other English speaking destination, he said. "The somewhat surprising result and indeed promising result is that they believe Australia to be the safest destination of all the English speaking destinations - and by quite a margin. While, Sydney and Melbourne have been voted as the "most unfriendly and unsafe" places to live in by over 6,000 overseas students, according to the survey.


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