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Power Grid to form JV with World Bank arm
Power Grid Corporation (PGC), the BSE-listed central transmission utility, plans to soon tie up with the World Bank’s International Finance Corporation (IFC), to undertake projects abroad. The two would soon, perhaps this month, sign a memorandum of understanding for equity infusion in transmission projects, initially in Ethiopia, Kenya and other African countries, and in Central Asia on a public

FMC gets jolt in Kailash Gupta case as Gujarat HC sets aside order

In a major blow to the Forward Markets Commission (FMC), the Gujarat High Court has set aside the commodity markets regulator's order against Kailash Gupta, the promoter of Ahmedabad–based

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Dilip James: We are all an item number

The winter session of Parliament in 2011 was drowned out in the din of tabling the Lok Pal Bill. In the build-up to the session, many Bills to be tabled were sent back for reconsideration by the

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Greeks protest as EU seeks more austerity cuts

Greek workers went on strike against austerity measures on Friday, docking ships and halting public transport, hours after euro zone finance ministers said Athens needed to make more cuts to

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Rajesh Bhayani: Comexes wait for critical mass

The United Commodity Exchange (UCX) is getting ready to enter the crowded space of the Indian commodity futures market. The exchange is in the final round of discussions with domestic and foreign

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Salman Khurshid shoots his mouth again