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CCEA clears NMDC stake sale: Virbhadra Singh
Steel Minister Virbhadra Singh today said that the government has given the nod for divesting an additional 8.38 per cent stake in iron ore producer NMDC, a move which may fetch the exchequer over Rs 13,500 crore.

Sebi may widen PMS scope
The Securities and Exchange Board of India (Sebi) is examining the possibility of allowing inclusion of currency and interest rate futures in portfolio management services (PMS).

News of the day

Banks to run checks on high-value notes
In a measure to control the circulation of counterfeit notes, the Reserve Bank of India (RBI) has directed banks to issue bank notes in denominations of Rs 100 and above either over their counters or through automated teller machines (ATMs), only after these banknotes are duly checked for authenticity and fitness by sorting machines.
Corporate

Amend petition against NTPC in two weeks: HC asks RIL

The Bombay High Court today directed Mukesh Ambani-led Reliance Industries (RIL) to carry out amendments in its petition against PSU NTPC on a gas supply deal within two weeks. - Energy efficiency can help save Rs 1.2 lakh cr investments: Shinde - HC directs RIL to amend petition against NTPC in two weeks - Power PSUs to jointly promote energy efficiency mechanisms - NHPC asks NTPC to prepare report on thermal plant in MP - Rethinking regulators - NTPC starts getting gas from RIL"s KG-D6 fields NTPC had filed the suit against RIL to enforce the gas supply contract. Last month, Supreme Court allowed RIL to amend its petition so as to incorporate government"s affidavit in RIL-RNRL case. NTPC had moved the apex court challenging the high court"s decision allowing RIL to amend its petition to the effect that the government"s policy on pricing of gas would frustrate its contract to supply gas at a price of $2.34 per mmBtu it had quoted in a 2004 global tender.


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