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June 19, 2013
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Companies
69 power plants yet to sign FSA with CIL: CoalMin
The power plants of NTPC and its joint ventures (JV) which have not signed FSAs include Dadri, Korba, Farakka, Simhadri, Bhilai JV and Sipat.
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Air India to fly again to Africa
No Indian passenger carrier at present flies to Africa, which is fast emerging also as a resource hub for Indian companies.
Ratan Tata to be chief advisor to AirAsia India board
Announcing Tata's name as the Chief Advisor, Malaysia- based AirAsia chief Tony Fernandes also said that the name of Chairman for AirAsia India board would also be disclosed soon.
CBDT informs Vodafone on agreeing to non-binding conciliation
The Central Board of Direct Taxes (CBDT) has formally written to British telecom major Vodafone, agreeing to enter into a non-binding conciliation to resolve the long-standing tax dispute.
Govt likely to relax investment norms for PSUs
Currently, PSUs are allowed to park their funds only in public sector mutual funds.
PFC restructures Suzlon loans worth over Rs 900 crore
PFC's loan assets book rose to Rs 1,60,367 crore in the last financial year.
Unilever's $5.4 bn offer for HUL begins June 21
Anglo-Dutch firm Unilever's USD 5.4 billion open offer to buy 22.52 percent stake in its Indian arm Hindustan Unilever begins June 21.
PE deals' valuation surged to $1.8 bn in May: Grant Thornton
The valuation of private equity deals surged significantly in May to USD 1,851 million driven by Qatar Foundation Endowment's USD 1.26 billion investment in Bharti Airtel.
FinMin floats Cabinet note for Coal India disinvestment
The Finance Ministry has floated a draft Cabinet note for 10 percent stake sale in Coal India through the Offer For Sale (OFS) route, which could fetch around Rs 20,000 crore to the exchequer.
Moily hints of relief to RIL on KG-D6 relinquishment issue
In a relief to Reliance Industries, Oil Minister M Veerappa Moily has indicated that he may not fully accept DGH's recommendation for taking away 86 percent of the company's KG-D6 gas block area.
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