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| F&O Outlook: Nifty may test new high before expiry | 24-NOV-09 |
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| The Nifty closed above the crucial resistance level of 5,080 on strong buying in index stocks such as Reliance Industries, ICICI Bank, Tata steel and Cipla. Bharti Airtel, Reliance Communications, Jaiprakash Associates and State Bank of India closed in the red on shorts build-up on the F&O segment. The Nifty November and December futures closed at a premium to the spot on intraday short-covering and fresh long build-up. |
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| In talks with Nepal govt to break IOC supply monopoly | 24-NOV-09 |
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| Essar Oil has approached the Nepal government for supplying petroleum products. If the proposal is accepted, it will break the monopoly of Indian Oil Corporation, which retails petroleum products in the land-locked country along with the Nepal Oil Corporation (NOC). Nepal is not a very big market and is estimated have an annual demand of 720,000 tonnes of diesel and 1,40,000 tonnes of petrol. Essar currently supplies only small quantities of fuel oil to Nepal. |
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| Ties up with Aegis, Elf, SHV for auto LPG | 24-NOV-09 |
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| To expand its footprint in auto and piped natural gas retailing, Essar Oil has tied up with Aegis Logistics, Elf Gas and SHV to roll out auto LPG dispensing stations in the country. |
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| Don't wait for court decision on RIL dispute: NTPC | 24-NOV-09 |
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| With Reliance Industries Ltd (RIL) stating in court that gas from its D6 block will be available for only 11 years, NTPC wants the empowered group of ministers (EGoM) to give directions to RIL for supply of gas to its Kawas and Gandhar expansion projects. The company wants the directions to be given under clause 21.6.2 (b) of the production sharing contract for supply of 12 million standard cubic metres a day for 17 years. |
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| DIPP proposes further relaxation of FDI for realty | 24-NOV-09 |
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| The Department of Industrial Promotion and Policy (DIPP) under the Ministry of Commerce and Industry has proposed further relaxation of the foreign direct investment (FDI) norms for the real estate sector. |
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| 'Fuel-efficiency standards for auto sector by 2011' | 24-NOV-09 |
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| The government is in the final stage of notifying the fuel efficiency standards for automobile sector in the country which will be enforced from 2011, Environment Minister Jairam Ramesh said today. |
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| Biofuel role limited, says Ramesh | 24-NOV-09 |
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| Pitching for hybrids and CNG-run vehicles, Ramesh said, “Biofuel does not has a relevance role in Indian context in view of land limitation and food security. |
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| D&B launches 'trust seal' for smaller units | 24-NOV-09 |
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| When an overseas customer wishes to do business with an entrepreneur in India, the customer may not be sure about the credibility of the entrepreneur. What helps is a recognised neutral third party validating the entrepreneur and his business. |
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| To bid or not to bid | 24-NOV-09 |
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| Hershey: Hershey is smaller and brings less to the table than Kraft Foods in a potential takeover battle for Cadbury. But the U.S. chocolate and gum maker may have one distinct advantage in the battle for the UK confectioner: a potentially irrational owner. |
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| Plywood industry sees robust growth | 24-NOV-09 |
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| After two bad years and a recession that saw demand fall by 40 to 50 per cent, the Rs 700-800 crore plywood industry in Uttarakhand is expecting a robust growth in the wake of signs of recovery in the real estate business. |
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| United Spirits acquires Tern Distilleries | 24-NOV-09 |
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| As part of its plan to augment its primary distillation capacity over the next two to three years, Vijay Mallya’s United Spirits has acquired the entire share capital of Tern Distilleries (Tern), based in Andhra Pradesh, for Rs 13.42 crore. |
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