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20 nuclear reactors planned
The Indian nuclear energy establishment is gearing up to start work on 20 nuclear reactors with an estimated investment of over Rs 3 lakh crore during the 12th Plan period. “Time has come to think of new processes and of tackling new challenges. I am not saying that the present systems are not safe. There is a necessity now to do this in the country to restore the confidence of people in the

REC bond: Taxman's Rs 1-lakh new cap less than Sebi norm

The Union government has reduced the cap on subscription by retail investors in the Rs 3,000-crore tax-free bond issue of Rural Electrification Corp (REC) to Rs 1 lakh, from Rs 5 lakh that was

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No to cross holdings
At a time when disinvestment of Rs 40,000 crore for 2011-12 is set to just remain a target, the PMEAC has advised against cross holdings as a desirable option.

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Abhijeet Power to raise $1.2 bln debt by March - Source

Abhijeet Power Ltd, an unlisted utility with an operational capacity of 246 MW, plans to raise 59.2 billion rupees debt for a 1,320 MW coal-fired power project by March, a source close to the

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Dollar debt set to remain sparse and steep in Asia

In a world awash with cheap cash from major central banks, it may seem ironic that companies in the top emerging market growth hotspot cannot get their hands on reasonably priced bank loans. But

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Loan norms for discoms tightened

Power Finance Corporation (PFC) and Rural Electrification Corporation (REC), the two central government-owned funding agencies in the sector, have both issued stringent guidelines for short-term

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