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Power sector expects good days ahead as demand improves

The prolonged inactivity in the debt-laden, fuel-starved and bankrupt power sector finally seems to be ending with two large acquisitions announced in the last few weeks. First, Reliance Power,......

Meet India's 10 new dollar billionaires

The number of dollar billionaires in India has risen to 55 this year from 46 last year. Two years after emerging from a crisis over derivative bets, Wockhardt Chairman Habil F Khorakiwala is facing......

Promoters cash in on bull run to get their pledged shares released

The bull run on the stock markets and asset sales have helped promoters of a host of companies, including JSW, J P Power and United Spirits, get their pledged shares released from financial......

Jaypee sells 2 hydro units to Abu Dhabi firm for Rs 10,500 cr

Jaiprakash Power Ventures Ltd (JPVL) has signed a deal with Abu Dhabi National Energy Company PJSC (TAQA), the Abu Dhabi government’s energy and utilities firm, for selling two hydro-power......

Sensex ends 200 points lower; Tata Steel among main losers

Benchmark indices closed the trading session on a lower note amid weakness in rupee against dollar, along with metal, financials and auto shares leading the fall. The Sensex closed down 216 points......

India gears up for Formula One fever

Formula One continues to break new ground away from its traditional European base and as Asia expands its interest with the addition of the Korean Grand Prix this season, India is next in line to......

India on track for 2011 F1 race

Construction of India's Formula One track would not be affected by the global financial meltdown and it would be ready for its inaugural race in 2011, according to the head of the construction......
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Jaypee Group again in talks with JSW to sell its 20 MT cement portfolio

MUMBAI: Almost eight months after initiating a dialogue, Jaypee Group has revived its negotiations with Sajjan Jindal's JSW to sell its entire... ...

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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