Tuesday January 29, 2008

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`Govt to give $2.3 bn oil bonds to firms' 

New Delhi, Jan 28:
India will issue $2.3 billion of oil bonds to state-run refiners with retail operations as compensation for selling fuel at low state-set rates during the December quarter, sources said on Monday.
 
RIL in talks with power equipment suppliers for captive plant 

Mumbai, Jan 28:
Reliance Industries, the country's most valued firm, has started advanced level discussions with equipment suppliers for its upcoming 2,000 megawatt captive power plant in Haryana.
 
US-India friendship celebrated 

Mumbai, Jan 28:
Michael S Owen, US Consul General, Mumbai and Atul Nishar, Regional President, Indo-American Chamber of Commerce hosted an evening reception on January 23 to celebrate 50 years of the US Consulate General being in Lincoln House, the former Wankaner House.
 
`Recessionary fears to weigh in favour of RBI rate cut`  

New Delhi, Jan 28:
Recessionary fears in the global economy, slowdown in domestic industrial production in November 2007 and the widening gap between the US and Indian interest rates have set the stage for a policy rate cut by the RBI on Tuesday, an ASSOCHAM CEO survey has said.
 
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