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Weak outlook for Nalco
Nalco’s stock has seen high volatility during FY12, trading between 52-week high of Rs 94 (June 2, 2011) and 52-week low of Rs 48 (November 24). While international aluminium prices have been under pressure due to the global crisis, lack of backward integration (coal) added to the woes. Coal availability in India has not been good, and imports are also proving costly despite the decline in global

UPDATE 3-Reliance-led group give up E.Indian gas block
* India's Reliance, BP, Niko part of consortium

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RIL-led group give up D4 gas block

Reliance Industries and partners BP and Canada's Niko Resources have abandoned the D4 oil and gas block off India's east coast, Niko said, underlining the production problems in the region. The D4

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A K Bhattacharya: UPA's anniversary issues

This week is going to be perhaps the most crucial for the government of the United Progressive Alliance (UPA). Not because it completes three years in office after its re-election for a second

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Govt employees take pledge on anti-terrorism
New Delhi, May 21 (IBNS) Anti Terrorism Day is being observed throughout the country on Monday.

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Electrotherm gets relief from SC on shutdown order

In a relief to the Ahmedabad-based Electrotherm (India) Ltd, the Supreme Court on Friday stayed Gujarat High Court's order to shut down the company's steel and pipe manufacturing plant in Bhachau

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