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News headlines: Corporate
‰ The government is poised to clear the US$9.6bn Cairn-Vedanta
deal by the middle of February. It has rejected ONGC’s request to
ease the royalty burden. (ET)
‰ JSPL is carrying out due diligence for acquiring stakes in a
producing oil block in Kazakhstan besides mulling prospects to set
up a refinery in Georgia. (Mint)
‰ Tata Steel will reportedly launch its up to US$800m public share
sale on 19th January. (BS)
‰ IDFC will raise Rs29.28bn via the second tranche of its
infrastructure bonds, the issue of which will remain open from 17t hJanuary-4 th
February. (BS)
News headlines: Economic and political
‰ Index of Industrial Production (IIP) slumped to an 18-month low of
2.71% in November 2010. (BS)
‰ Indian Banks Association is reportedly seeking RBI’s intermediation
in the Supreme Court-ordered probe into irregularities in granting
licenses to companies that is spreading to banks. (ET)
‰ India’s FDI in services sector dipped by 30% to US$2.16bn
(Rs99.3bn) during April-October 2010. (ET)
News headlines: Corporate
‰ Reliance Infra and Reliance Natural Resources (RNRL) are
reportedly close to reaching a settlement with SEBI by paying
consent fees, ending an investigation into alleged violations of
foreign portfolio investment regulations. (ET)
‰ Low cast airline IndiGo has ordered 180 Airbus A320s from
European aircraft manufacturer Airbus for US$15.6bn. (ET)
‰ HCC has signed a memorandum of understanding with Gujarat
Government for setting up a Rs120bn renewable energy park at
Dholera. (BL)
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