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Cabinet panel gives reprieve to Gazprom
The Cabinet Committee on Economic Affairs (CCEA) today approved a special dispensation for Gazprom, allowing the operator of an offshore block to carry out additional exploration for 18 months beyond the Phase-III of exploration.

Cement industry posts good sales growth in Nov
Reflecting the robust growth witnessed by the Indian economy, major cement manufacturers, including Ambuja Cements, Jaiprakash Associates and Shree Cement, today reported increase in their sales in November.

News of the day

Govt hopes to raise Rs 8,100 cr via NTPC divestment
The government today said it is expecting to raise about Rs 8,100 crore from the five per cent stake sale in power PSU NTPC through a follow-on public offer (FPO).
Online Business

Taro may cost Sun Rs 1,000 cr

Indian drug firm Sun Pharma may have to shell out up to Rs 1,000 crore for acquiring the Israel-based Taro Pharma-ceuticals. “If we are able to get all the shares of Taro pharma-ceuticals, including promo-ters’, then the total cost would be up to Rs 1,000 crore,” the firm said.


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