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Gujarat Pipavav Port to raise Rs 500 cr via IPO
Private port developer and operator Gujarat Pipavav Port Ltd (GPPL) plans to raise nearly Rs 500 crore through an initial public offer (IPO) and has filed draft papers with capital market regulator Securities and Exchange Board of India (Sebi).

SRK detained at US airport, released after diplomatic intervention
Early Saturday morning, as India woke up to celebrate its 63nd Independence Day, Bollywood superstar Shah Rukh Khan was detained at Newark Airport in the US and questioned for over two hours. Later, the Indian Mission intervened and secured the release of the 43-year-old actor.

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Ranbaxy-Daiichi working on 3-yr plan for synergy
Ranbaxy Laboratories and its Japanese parent Daiichi Sankyo are working on a three-year plan for exploiting synergies in operations to enhance their generic as well as branded business across the globe.
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RIL, Ecopetrol ink pact for deep water blocks

Reliance Industries (RIL) today said its exploration arm has entered into an agreement with Columbian state-controlled oil company Ecopetrol SA for two deep water blocks. - WABAG looking at global acquisitions worth Rs 2,000 cr - "We plan and open stores patiently" - "Cross-border deals will drive M&As" - Government requests SC Bench to avoid interpreting PSC - Gas row: RNRL raises objections on govt affidavit - BofA to repay bailout funds worth $45 bn In a filing with the Bombay Stock Exchange (BSE), RIL said Reliance Exploration and Production DMCC (REP) has singed an agreement with Ecopetrol under which the Columbian firm would take a 20 per cent stake in the two deepwater blocks -- Borojo North Block 42 and the Borojo South Block 43. The two blocks cover an area of 8,000 sq km. In water depths ranging from 60-1500 metres, the filing added. REP would hold the remaining stake in the two blocks and the deal is subject to approval of the Columbia"s upstream regulator, the filing added. Shares of RIL settled at Rs 1,086, down 1.14 per cent on the BSE today.


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