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Reliance Industries starts arbitration proceedings against govt

RIL gets over 70 bids for coal seams gas
Reliance Industries has received over 70 bids for buying the natural gas it plans to produce from below coal seams (CBM), at a price close to the rate at which LNG is imported in the country. At the close of offer on February 17, RIL received over 70 bids totalling a demand of more than 90 million standard cubic meters per day, several times more than the peak output of 3.5 mmscmd that the company

Fresh woes for Kingfisher as it cuts flights

Cash-strapped Kingfisher Airlines said it has been forced to reduce operations due to "unexpected events" but promised to resume normal services within the next four days. The company, controlled by

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2 banks cut home loan rates by 0.25%, waive fee

To prop up the sagging home loan market, state-run lenders Central Bank of India (CBI) and Bank of Maharashtra (BoM) have announced interest rate cuts by up to 0.25% on select loans and to waive off

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Welspun Energy to invest Rs 15,000 cr in renewable projects

Welspun Energy, a part of diversified Welspun group, plans to invest about Rs 15,000 crore in solar and wind projects in the country in the next five years. The focus would be on states such as

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5 Sensex bluechips add Rs 35,878 cr in m-cap

Led by a smart surge in market value of SBI, the combined market capitalisation (m-cap) of five of the 10 most valued companies increased by Rs 35,878 crore in the last week amid a rally in the

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Industrial production to grow by 7.4 % in FY 13: CMIE

The country's industrial production is expected to grow by 7.4 percent in FY 13 as against the forecast of 5.1 percent for FY 12, Centre for Monitoring Indian Economy (CMIE) said in its monthly

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