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Govt: Reliance Industries can recover KG-D6 cost later
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Reliance Industries will once again be able to recover the development cost of about $1 billion from its KG-D6 operations if gas output climbs back to the projected level, a top oil ministry official said, seeking to downplay the impact of the penalty imposed
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Ritz crosses 2 lakh sales mark
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Automobile major Maruti Suzuki on Friday announced its Ritz car has attained the 2 lakh sales mark in premium hatchback segment within a short span of 36 months of its launch.
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Pulsar crosses 5 mn sales mark
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The Bajaj Pulsar motorbike has crossed the 5 million sales mark, while celebrating a decade of existence.
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Marico revenue up 28pc
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Marico, a leading Consumer Products and Services Group, during Q4FY12, reported another quarter of top line growth of 18pc boosted by a volume growth of 13pc .
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South Korean Envoy meets Odisha CM over POSCO project
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South Korea envoy Kim Jung meets Odisha Chief Minister Naveen Patnaik on Posco project delay. After the meeting Jung said media that it was very fruitful meeting with CM Patnaik over POSCO issue. Envoy Kim Jung expects Posco work will be started from this year.
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Lamborghini sees young India driving growth
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Automobili Lamborghini is bullish about growing in India, despite high investments and low sales volumes, on the back of more youngsters in their 20s picking up the iconic Italian luxury sports car.
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Move to drop statutory licensing worries radio industry
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Even as the Union Cabinet failed to discuss the Copyright Amendment Bill on Thursday, the private radio industry has reacted with alarm at the proposal made by the HRD ministry to do away with "statutory licensing" for music broadcast on FM radio.
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Piaggio brings back iconic Vespa
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Italian two-wheeler maker Piaggio drove in the iconic Vespa scooter into India and said it is looking at developing India-specific two-wheeler models in the future
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'MRPL shut down will hurt investment in the region'
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The total shut down of MRPL ( Mangalore Refinery and Petrochemicals Limited), a first for the two decade old refinery, due to shortage of water supply will hurt investment and investor sentiments, say captains of the industry and the refinery management.
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Commercial vehicle sales set to double: E&Y
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Commercial vehicle sales in India are set to double to 1.6 million units by 2016-17, driven by mini trucks, says Ernst & Young.
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US trade opposes total FDI ban in India’s tobacco sector
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Five American trade bodies, including USIBC, have joined hands to oppose the efforts of the Indian Government to further restrict the participation of foreign companies in India’s tobacco market.
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Electronics hardware industry seeks tax holiday
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The electronics hardware industry has asked the Centre to announce a tax holiday for the industry to help it grow.
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Clarion call for e-com players at IAMAI conference
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An estimated $850 million was invested in digital media ventures in India in 2011, and close to half of that was in e-commerce.
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Kenyan court ruling, a boost for Indian generics exports
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A Kenyan court’s recent landmark order could be the much needed shot in the arm for Indian pharma companies trying to gain greater access to the African generic (or off-patent) drugs market.
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Norms eased for setting up power units in SEZs
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In a boost to power firms with plans to set up units in Special Economic Zones (SEZ), the Government has exempted them from the positive net foreign exchange (NFE) obligation applicable to regular units in such enclaves.
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Competition panel nod for Vedanta Group consolidation
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The Competition Commission of India has approved the amalgamation of various Vedanta Group companies in India to consolidate the structure of the firm
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Talent key to manufacturing industry?
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Talent, the ability to innovate and the strategic use of public policy will play a significant role in defining the manufacturing sector?s competitiveness in developed and emerging economies, according to the The Future of Manufacturing report released
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Mining engineers’ meet
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The Mining Engineers Association of India, Kolkata chapter, plans to undertake an initiative to consolidate the thoughts and ideas of mining engineers working in this part of the country.
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RIL to relinquish a KG block
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Reliance Industries has decided to relinquish a Krishna—Godavari basin block after it established that the lone natural gas discovery in the area was not viable, the company’s minority partner Hardy Oil & Gas Plc said on Tuesday.
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Mahindra Satyam, Tech Mahindra merger likely in 8-9 months
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The merger of Mahindra Satyam and Tech Mahindra will take between eight and nine months to complete, said Mahindra Satyam CEO C.P. Gurnani here Tuesday.
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Oman industrialist good Samaritan for Vidarbha farm widows
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Widows of Vidarbha farmers who ended their lives unable to bear the stress of high debt have found a good Samaritan in an Oman-based industrialist.
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Haryana gets Rs 4,700 crore industrial investment
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With the inauguration of two units and laying the foundation stones of six major industrial units, Haryana Monday saw industrial investment of Rs. 4,700 crore, which may create an employment for nearly 40,000 people.
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At 73, India ranked among the worst in global entrepreneurial performance
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When it comes to entrepreneurial performance, India ranks amongst the worst globally, according to a report published this week. India comes in at 73rd out of 78 nations ranked in the Global Entrepreneurship
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‘Green' status of iron and steel plants to be released next month
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Twenty-one iron and steel plants, having capacity of 0.5 million tonnes a year and above, are up for an independent “green” rating.
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Fertiliser makers set up body to fix phosphoric acid prices
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Fertiliser makers have decided to join hands to check the alleged “unfair trade practices” by global suppliers of phosphoric acid.
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