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Reliance to sell $32 million stake in unit Network18
Published on Monday, July 6, 2015 6:19 PM

MUMBAI  - India's Reliance Industries Ltd plans to sell a 3.1 percent stake, worth $32 million at the current market price, in unit Network18 Media & Investments Ltd to comply with rules mandating public ownership in listed firms.

Reliance said in a statement on Monday that the selldown of 32.5 m ...

Reliance to sell $32 million stake in unit Network18
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Bajaj Electricals’ sales up 4.57% in June
Published on Monday, July 6, 2015 5:02 PM

Electrical equipments maker Bajaj Electricals Ltd on Monday reported a rise of 4.57 per cent in its sales turnover for the month of June 2015 at Rs 387.76 crore, as compared to Rs 370.81 crore during the same period last year. Bajaj Electricals said that its sales for lighting segment increased by 16.85 per cent to Rs 83.64 crore during the m ...

Bajaj Electricals’ sales up 4.57% in June
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Maruti Suzuki’s production rises 18.2% in June
Published on Monday, July 6, 2015 4:16 PM

India's leading automaker Maruti Suzuki India Ltd (MSI) on Monday reported a growth of 18.2 per cent in its June 2015 production at 94,538 units, as compared to 79,948 units during the same period last year. Maruti Suzuki said that its production of mini (Alto/ Astar/ Wagon R) segment increased to 32,979 units during the month of June FY ...

Maruti Suzuki’s production rises 18.2% in June
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Eastern arms contribute significantly in CIL 12% output growth
Published on Monday, July 6, 2015 4:02 PM

Coal India's Jharkhand-based arm, Central Coalfields, has topped among eight subsidiaries by surpassing output target with production of 12.59 million tonnes in the first three months of the current fiscal, said the media report. Central Coalfields Ltd (CCL) not only achieved 120 per cent of the 10.50 MT target set for April-June quarter ...

Eastern arms contribute significantly in CIL 12% output growth
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Monsoon deficit to have lesser impact on rural spending: Study
Published on Monday, July 6, 2015 3:53 PM

India Ratings and Research (Ind-Ra), the country’s leading rating firm, has said that even if monsoon turns out to be deficient this year, its impact on rural spending will be less severe than what it used to be a decade ago or earlier because the rural landscape of the country has changed a lot. “More than two-thirds of rural inc ...

Monsoon   deficit to have lesser impact on rural spending: Study
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ONGC to reduce gas production by 40%: Reports
Published on Monday, July 6, 2015 2:17 PM

State-owned Oil and Natural Gas Corp has said that the company is planning to cut gas production from its biggest fields in the Arabian sea by about 40 per cent to carry out repair work on a pipeline that carries the gas to shore, certain sections of the media reported. As per reports, the company produces 33 million standard cubic meters per ...

ONGC to reduce gas production by 40%: Reports
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BPCL gains over 3% on drop in oil prices
Published on Monday, July 6, 2015 12:38 PM

Shares of Bharat Petroleum Corporation (BPCL) rose over 3 per cent in early trade on Bombay Stock Exchange (BSE) extending their recent gains on the bourses, after a sharp drop in crude oil prices. Prices fell as investors digested the implications of Greece rejecting tough austerity demands from creditors which could send the debt- strapped ...

BPCL   gains over 3% on drop in oil prices
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Kotak Mahindra Bank gets FIPB nod to raise FII limit to 55%
Published on Monday, July 6, 2015 11:43 AM

Single-window body to clear foreign investment proposals, FIPB, has given its nod toKotak Mahindra Bank's proposal to raise foreign investment limit in the lender to 55 per cent. After deferring a decision on the proposal in the past, the FIPB cleared the application during its meeting on Friday after the department of financial services ...

Kotak Mahindra Bank gets FIPB nod to raise FII limit to 55%
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FM pitches for GST, land bill passage to create jobs, remove poverty
Published on Monday, July 6, 2015 10:48 AM

Amid the likelihood of a stormy Parliament session, Finance Minister Arun Jaitley made a strong case for passage of GST and land acquisition bills saying they were necessary to create jobs and remove poverty, reported PTI. "The latest data suggest that the investment cycle is slowly turning around and stalled projects are being unblocked ...

FM pitches for GST, land bill passage to create jobs, remove poverty
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