FIs may go slow on steel sector debt restructuring
Hopes of a faster recast of steel loans by financial institutions may well have to wait. While there has been an uptick in steel prices in the fiscal so far, the experience of FIs in the last financial year has been none too impressive.
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Prabhu to meet Jalan, bankers today
New Delhi: Power minister Suresh Prabhu will hold a crucial meeting with RBI governor Bimal Jalan and his deputies and various bank chairmen on Friday to discuss the fate of the much-delayed power sector reforms.
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Ministry asks CCEA to cancel P&O bid for Kochi terminal
New Delhi: The shipping ministry has moved a note to the cabinet committee on economic affairs for quashing the bid of P&O Ports of Australia for developing the Rs 673-crore Vallarpadam transhipment container terminal off Kochi.
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Quarrying, mining up 5% in May
New Delhi: The mining and quarrying sector has registered a positive growth of 5 per cent during May this year compared to the preceding month, mainly due to higher production of coal, lignite, utilised natural gas, crude petroleum, chromite, gold, zinc, dolomite and limestone.
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Delivery-based trades perk up on bourses, hit record levels
Mumbai: Lacklustre activity due to minimal participation by institutional investors (domestic and foreign) and overall spiralling down of stock prices globally have not deterred retail participation on the domestic bourses.
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Car sales in fast track, up 5%
Mumbai: After months of indifferent demand, car sales picked up this June with a 5.1 per cent growth.
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Another lean year stares at tourism sector
Chennai: India seems to be off the tourism map yet again. If the fears of the hospitality industry and the inbound tour operators are justified, then the tourism sector seems to be in for another lean year.
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