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Corporate Front Page:
- Cipla and Ranbaxy are among those pulled up by the drug price regulator, National Pharmaceuticals Pricing Authority for overcharging. (BS)
- NTPC to soon approach the government for reconsideration of the decision to scrap the power producer's 600MW Loharinag Pala hydro-power project in Uttarakhand. (BS)
- Hindalco’s US subsidiary, Novelis plans to refinance its debt by raising US$4bn. (BS)
- Nuclear Power Corporation is in talks with Coal India on plans to enter the atomic power sector through a joint venture. (BS)
- HDFC Bank hikes deposit and lending rates by up to 75 basis points. (ET)
- Bank of Baroda hikes deposit rates by 25-75 basis points across various maturities. (BL)
- Karnataka Bank hikes the rate of interest on different maturities of term deposits by 25 to 75 basis points with effect from December 13. (BL)
- Andhra Bank announces the increase of the base rate by 50 basis points. (BL)
- Reliance Infrastructure to have eight toll roads by March that will generate revenues of Rs10bn in fiscal 2012. (BL)
- ITC to resume cigarette manufacturing only after receiving a `formal notification' from the Government on the pictorial warnings that need to be used on such products. (BL)
- ONGC expects to ship the first 363 MW turbine built by General Electric for the proposed 726 MW (2x363 MW) gas-based ONGC Tripura Power Company by February. (BL)
- BHEL is close to wrapping up a JV agreement with Japan's Toshiba Corporation for manufacturing high-end transmission and distribution equipment. (BL)
- Bharti Airtel launches IMEWE cable system. (BL)
- Mahindra Reva plans to sell 1,200 cars in the country by the end of the current fiscal. (BL)
- United Spirits aims to double volumes of the ‘Whyte & Mackay Special' variant in 5-6 years. (BL)
- Nissan Motor India and Ashok Leyland plans to exploit the mass people-mover segment dominated by Toyota, with two new vehicles scheduled for launch next year. (BS)
- NMDC inks pact with Russian steel and mining major Severstal to set up a 5mn ton per annum steel plant in Karnataka. (ET)
- Spicejet places order worth US$446.6mn with Bombardier for 15 turboprop aircraft. (ET)
- NTPC is likely to achieve 13,020MW capacity addition during the 11th Plan. (BS)
- Political parties and the green lobby step up opposition to the 1,350MW thermal power project by Indiabulls in Amravati district. (BS)
- Hindustan Copper plans to develop a new mine with about 50mn tons of ore reserves in Jharkhand. (BS)
- Ramsarup Industries in talks with two PE firms to raise Rs7bn of fresh capital to restructure the company. (ET)
- Telecom regulator Trai recommended the government to cancel 38 telecom licences, including some held by Telenor, Sistema and Etisalat’s Indian ventures. (ET)
- Karuturi Global is in talks with a group of banks to raise debt of around Rs8bn in the next one month. (BS)
Economy Front Page:
- India’s foreign exchange reserves rose to US$296.39bn as on November 26 from US$293.9bn in the previous week. (ET)
- DTH operators are set to charge a 25-30% premium over cable rates from advertisers starting early next year. (FE)
- Industrial output has registered a 10.8 per cent year-on-year rise in October. (BL)
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