| Haldia expansion plan hit by workers' strike | 22-NOV-09 |
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| Work on the Rs 1,230-crore expansion project of Haldia Petrochemicals Ltd (HPL), among the country’s largest naptha-based petrochemical facilities, came to a grinding halt after a Centre of Indian Trade Union (CITU)-backed union called an indefinite strike over wage revision of contractual workers. |
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| HPCL-led consortium holds petrochem complex at Vizag | 20-NOV-09 |
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| State-run oil refiner Hindustan Petroleum Corporation (HPCL)-led consortium has temporarily put on hold its proposed Rs 30,000 crore petrochemicals complex at Visakhapatnam, a top official said today. |
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| FUEL for thought | 18-NOV-09 |
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| A student finds the entrance test to an engineering college a never-to-be-forgotten struggle. Most others would simply grumble. Not Kedar Deshpande. He turned the problem into an opportunity, producing a primer for fellow sufferers — a sort of “all you want to know about…” booklet containing the low-down on engineering colleges and their entrance tests. |
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| OHPC, NHPC to set up hydro projects in Orissa | 17-NOV-09 |
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| The state owned power generator, Orissa Hydro Power Corporation (OHPC) will sign a memorandum of understanding (MoU) with the National Hydro Power Corporation (NHPC) for developing some multi-purpose projects in the state with a generating capacity of above 25 Mw. |
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| U'khand wants NHPC no-objection on Lakhwar Vyasi | 16-NOV-09 |
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| Faced with cost overrun and inordinate delays, the Uttarakhand government has urged the Centre to ask NHPC to issue a no-objection letter, which is needed for resuming the work of the 420 Mw Lakhwar Vyasi multi-purpose project. |
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| Sub-contractor does not create permanent base for foreign company | 16-NOV-09 |
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| When foreign companies undertake turnkey contracts or installation projects which involve services to be rendered in India, it is quite common they appoint sub-contractors to undertake wholly or in part the activities to be performed in India. The foreign company remains liable for sub-contractor’s job. In other words, sub-contracting does not exonerate the main contractor from liabilities under the contract. |
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| NTPC to file DRHP with Sebi for FPO | 15-NOV-09 |
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| State-run NTPC today said it will file the draft prospectus for its follow-on public offer with market regulator Sebi in December, a senior company official said. |
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| PSU oil firms hike ATF prices by 2.4% | 15-NOV-09 |
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| For the second time this month, state-owned oil firms today hiked jet fuel prices, this time by 2.4 per cent following a spurt in international oil rates. |
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| PSUs' peculiar problem | 15-NOV-09 |
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| With profit-making not being the sole motive of public units, caution needs to be exercised while investing in their IPOs. |
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| HP to buy 3Com Corp for $2.7 bn | 12-NOV-09 |
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| Hewlett-Packard has agreed to acquire networking solutions provider 3Com Corporation for $2. 7 billion, a deal that would significantly strengthen its position in China. |
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| Uttarakhand faces uphill task on kumbh mela | 09-NOV-09 |
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| With the Centre providing Rs 565 crore for the maha kumbh mela to be held at Haridwar in the beginning of the next year, the Uttarakhand government is virtually facing an uphill task to spend this huge amount in the next two to three months. |
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| Intrasoft Tech files DRHP with Sebi | 08-NOV-09 |
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| Intrasoft Technologies, which runs greetings card website 123greetings.com, will enter the capital market to raise funds and has filed draft papers with market regulator Securities and Exchange Board of India (Sebi). |
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| Petroleum Min seeks Rs 11,853 cr oil bonds | 06-NOV-09 |
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| The Petroleum Ministry has sought oil bonds worth Rs 11,853 crore for state-run fuel retailers to make up for the losses they incurred on selling domestic LPG and kerosene below cost during the first half of the current fiscal. |
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