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EID Parry to de-merge subsidiary
Murugappa Group firm EID Parry (India) Ltd is planning to add two out of the three facilities of its subsidiary, Parry Sugar Industries Ltd (PSIL), in which the company has acquired 65 per cent stake from GMR Group, to itself. The restructuring is expected to reduce the cost of funding of these units, which has been making loss till recently and in the verge of turnaround, among other consolidation

CIL initiates process for supply pacts

Forced by a Presidential directive, state-controlled Coal India Ltd (CIL) today initiated the process of signing fuel supply agreements (FSAs) with power companies. It issued model FSA documents to

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CEA team to undertake field visit for second UMPP in Odisha
The site for the second Ultra Mega Power Project (UMPP) in Odisha, to come up in the western part of the state, is expected to be finalized soon.

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Panasonic Corporation to up stake in Indian arm

Japanese home appliance major Panasonic Corporation would increase its stake in the India subsidiary — Panasonic Home Appliances India Company Ltd — by infusing Rs 19.58 crore along

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Airtel Money launched in five cities

Bharti Airtel, the country's biggest mobile operator by subscriber base, has announced the launch of 'Airtel Money' across five cities of Orissa —Bhubaneswar, Cuttack, Balasore, Jharsuguda

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The curious case of coal crisis

With Prime Minister Manmohan Singh's office working on urgent measures to address the 'coal crisis', the private power industry's hue and cry over the issue seems to have subsided for now. Experts,

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