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Centre approves $2b FDI for Essar

New Delhi, May 9: The government on Friday app-roved Essar Power Ltd’s proposal to infuse up to $2 billion (nearly Rs 8,000 crore) as foreign
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Input costs hit cement firms

By OUR CORRESPONDENT New Delhi, May 9: The Union finance minister, Mr P. Chidambaram, said on Friday that the government is in talks with cement industry ...
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ONGC to sell its stake in oil block

By OUR CORRESPONDENT New Delhi, May 9: ONGC will offload its 35 per cent stake in an onshore exploration block to MOL Hungarian Oil and Gas ...
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Inflation at 42-month high

By Our Special Correspondent Mumbai, May 9: The inflation figures surged to a 42-month high at 7.61 for the week ending April 26 from 7.57 the ...
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FM promises more admin steps to reign in inflation

Finance Minister P Chidambaram today promised to take more administrative steps to check price rise even as inflation inched up to 7.61 percent for the week ended April 26 from 7.57 percent in the previous week....
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Mittal pursues MTN offer

By Our Special Correspondent Mumbai, May 8: Bharti Airtel is reportedly in advanced talks with South African telecom major MTN and could well make some definitive ...
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Centre suspends trading in 4 items

New Delhi, May 7: Amidst the debate over banning futures trading in agriculture commodities, the government has suspended forward trading in chana (gram), refined soyoil, ...
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Centre steps up pressure on cement companies

By OUR CORRESPONDENT New Delhi, May 8: After steel it’s the turn of the cement companies. The government expects the cement companies to cut prices to ...
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ALL plans Rs 3,000cr capex in next 3 yrs

By OUR CORRESPONDENT Chennai, May 8: The Hinduja group company Ashok Leyland has posted 7.83 per cent growth in sales with a revenue of Rs 7,729 ...
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Sources give inside look at MS’ raised offer

By MICHAEL LIEDTKE San Francisco, May 8: Just how serious was Microsoft about raising its bid to $47.5 billion for Yahoo Inc.? The answer is taking on ...
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