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India Business-Business-The Times of India
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News from India by India number one website
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ONGC, Torrent in power pact for SEZ
ONGC is co-developing the SEZ through a special purpose vehicle, OPaL (ONGC Petro-additions Ltd), and working on setting up a petrochemicals complex in Gujarat.
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PFC in deal with US bank for $800m fund facility
US Exim Bank chairman James H Lambright and Power Finance director (finance & financial operations) Satnam Singh have signed the MoU.
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Govt targets 40,000 MW of hydro power by 2022
The 11th Five-Year Plan focuses primarily on adding power generation capacity using coal and gas as fuel.
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MCX gets SEBI nod for public offer
Multi-Commodity Exchange of India, has received observations from Securities and Exchange Board of India, paving the way for its initial public offering.
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Core sector grows 9.6% as steel, cement hold ground
Even though the growth of six core industries in March this year was less than the 10.5% a year ago, it is encouraging, given the dismal industrial growth.
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Overseas bourses eye stake in CSE
Two leading international stock exchanges have evinced interest to pick up stakes in the 100-year-old Calcutta Stock Exchange (CSE), which has recently divested 52% equity to a clutch of investors.
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Tata Tele faces fees claim
DoT has said that Tatas had bid for licence to provide basic telecom services in states/circles of Maharashtra and Karnataka in 1995 but did not honour commitments toward of payment of licence fees for Karnataka circle.
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Goldman gets relief in derivatives issue
SEBI had earlier imposed a penalty of Rs 1 crore on Goldman Sachs Investment (Mauritius) Ltd for not submitting the info about issuance of offshore derivatives instruments in a prescribed format and with the requisite declarations.
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Finmin rejects NTPC offer
The government has turned down PSU's proposal to raise nearly Rs 6,000 crore through follow-on public offering.
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'No duty cut on oil, steel'
Steel Authority of India Ltd and other Indian steelmakers last week had agreed to lower prices for the second time since April to help cool inflation.
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