Friday March 14, 2008

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Revised FDI ceilings for six sectors notified 

New Delhi, Mar 13:
More than a month after the Cabinet cleared the foreign direct investment (FDI) review proposal easing FDI norms in various sectors, the government on Wednesday notified the revised ceilings of foreign investment in six sectors.
 
IIP’s ten-month rise, at 8.7%, creditable 

New Delhi, Mar 13:
The trend in the industrial production index, prima facie, indicates a slowdown, with the growth rate showing a sharp deceleration to 5.3% in January 2008 from 11.6% a year ago, with all the three major...
 
PSU oil cos to invest over Rs 2,290 bn  

New Delhi, Mar 13:
Public sector oil companies would invest Rs 229,071.5 crore in oil and gas exploration, fuel retailing, refineries and petrochemical during the 11th Plan Period (2007-12).
 
BHEL bags Rs 18 bn contract from NTPC 

New Delhi, Mar 13:
State-owned power equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) has bagged a Rs 18-billion ($450 million) contract to supply boiler package to the National Thermal Power Corporation's 1,320 megawatt (MW) Barh stage-II supercritical power project in Bihar.
 
ArcelorMittal selected for US award 

Washington, Mar 13:
Recognising its contribution to environment protection through energy efficiency, the US government has selected Indian billionaire Lakshmi Mittal-led ArcelorMittal for its ‘Energy Star Partner of the Year’ award.
 
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