Tata Teleservices inks MoU with Hirco Developments

Tata Teleservices (Maharashtra) has inked a memorandum of understanding (MoU) with Hirco Developments, a part of the Hirco group for the development of the latter’s Panvel SEZ project.

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GAIL inks gas co-operation deal with Karnataka government

Gas Authority of India (GAIL) has entered into a gas co-operation agreement with Karnataka government. As per the deal, GAIL will lay two gas pipelines to the state from Dhabol and Kochi.

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Inflation jumps to 0.56% week ended April 18 vs 0.26%

Inflation for the week ended April 18 stood up at 0.57% from 0.26%. Manufacturing index was up 0.3% and fuel index spiked up 0.1% (WoW), while primary articles index rose 1.7% (WoW). More details are awaited.

GMR Infrastructure wraps up Rs 3,800 crore for its Kamalanga power project in Orissa

GMR Infrstructure, the Hyderabad based developer has wrapped up Rs 3,800 crore for its proposed 1,050 mw power project from Kamalanga, Orissa.

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Ennore Coke increases capacity to 3.32 lakh tonne

Ennore Coke, a part of the Shriram group, has raised the capacity of its recently commissioned 1.3 lakh tonne unit at Haldia to 3.32 lakh tonne per annum by entering into a manufacturing deal with Orissa-based coke units.

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Apollo Tyres to invest Rs 700 cr this fiscal

Tyre manufacturer Apollo Tyres is planning to invest about Rs 700 crore in 2009-10, 90% of which will be utilized for the completion of Chennai greenfield facility and the balance for its ongoing maintenance, company officials announced.

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DoT expects over Rs 13K cr in fiscal 2008-09

The Department of telecommunication (DoT) is expected to fetch over Rs 13,000 cr in the fiscal 2008-09 from telecom operators, the biggest non-tax income for the exchequer.

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Bharti Airtel earmarks $3 bn capital expenditure for 2009-10

India’s telecom major Bharti Airtel has set aside a capital expenditure of $3 billion for its infrastructure and tower businesses for the financial year 2009-10.

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RNRL to start its shipping venture

Anil Dhirubhai Ambani Group (ADAG) led Reliance Natural Resources (RNRL) is planning to start its shipping venture by buying around six ships in the next three to four months. The company is planning to shell out around Rs 2,000 crore for the venture.

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Core sector posts highest growth in March since Sept.

India has witnessed production growth in the six core infrastructure industries during the month of March at 2.9%, which is the highest since September last year. The March figures indicate some amount of recovery in the Indian economy.

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