INDIA

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We cann't help Reliance Essar: Deora

Commodity OnlineNEW DELHI: The Indian government on Wednesday that the move by private fuel companies like Reliance and Essar to close down their petrol pumps has put the Ministry of Petroleum in a difficult situation.

Tata Acquires Jaguar-Land Rover

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On Tuesday it was confirmed that Indian car giant Tata would be buying Jaguar and Land Rover from Ford for an estimated $2 billion (£1 billion).

PFC IREDA sign deal on renewable energy sector

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Commodity Online NEW DELHI: Power Finance Corporation Ltd (PFC) and Indian Renewable Energy Development Agency Ltd (IREDA) have entered into a pact to facilitate financial cooperation in renewable energy sector.
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GAIL signs annual MoU with government

Commodity Online NEW DELHI: Gas Authority India Limited (GAIL) has signed an Annual Memorandum of Understanding (MoU) with the government with regard to its performance targets for the Financial Year 2008 09.
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US to become a major exporter of coal in 2008

Commodity Online NEW YORK: Steady demand from utilities and surging global demand for coal will push up prices of coal in United States, the one fossil fuel the country has in abundance.
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Volatility continues in commodities

By Jon NadlerSilver lost another $1.48 or 8.5%, falling to $16.94 per ounce. Platinum dropped $39 to $1865.00 per ounce and palladium lost $18 to $438.00 as the entire complex was battered by the freefall in gold
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Petrol in India is cheaper than Coca Cola

By Yogesh BirlaIn fact, petrol is cheaper than the Coca Cola you drink. It is not just petrol most liquids that you daily use are more expensive than vehicle fuels.
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Power Grid gets World Bank loan

Commodity Online WASHINGTON: The state owned Power Grid Corporation of India would get USD 600 million loan from World Bank to strengthen its electricity transmission system.
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Energy Vs Carbon emission

By Binu AlexThere are more companies coming up in India with energy prefix and suffix. Non conventional energy is another field where you find companies putting money
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World Bank approves $600 million loan to India

Commodity OnlineNEW DELHI: The World Bank on Wendesday approved a $600 million loan to India's government run power transmission company, Power Grid Corporation of India, to strengthen its electricity transmission system.
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For gold all depends on fed rate cut

Commodity Online Tracking global developments, standard gold in India gained Rs 385 per 10 gm to Rs 13,495, before hitting a new peak of Rs 13,560.
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Gold imports fall silver exports to rise

Commodity Online NEW DELHI: With gold prices on the rise, import of gold into India is falling. The country imported just 10 tonnes of gold in February as against 59 tonnes a year ago.
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Soaring prices bring down gold import

Commodity Online Indian spot gold prices hit Rs 13,495 per 10 gram in Mumbai on Monday. The international spot gold also increased by 3 per cent, touching $1,030.
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Monday Mayhem: BSE Sensex hits six-month low to close below 15K

Record rise of crude oil and gold prices in global markets and growing concerns over the worsening credit crisis in the US triggered a Sensex collapse on Monday, allowing the benchmark 30-share index of the Bombay Stock Exchange (BSE) to hit a six month low and close below the psychological 15,000 level.
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BSE Sensex makes a comeback, gains 2.6 percent

Sensex, the prime 30-share index of the Bombay Stock Exchange (BSE) staged a comeback on Friday and ended the week on a positive note, gaining 2.63 percent or 403.17 points, even as concerns persisted about weak US economy and subprime crisis.
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Banking sector will not be hit by $15 billion loan waiver: FinMin

Union Finance Minister P. Chidambaram is trying to soothe the frayed nerves of the banking sector by assuring that the $15 billion loan waiver package for poor and marginal farmers, announced as a budgetary policy on Feb.29, would not hurt the banking system but rather strengthen it.
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BSE Sensex slides 3.42 Pct., Closes Below 16K

The 30-share prime index of the Bombay Stock Exchange (BSE), the Sensex, dropped 3.42 percent, Friday, to its lowest close in nearly six months on fears of economic slowdown in the US and rising inflation back home.
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India notches Historic Cricket Win

The Men in Blue scripted a fairy tale ending to the Commonwealth Bank tri-series tournament in Australia, by notching a historic win in the second final, Tuesday, in Brisbane - beating the world champion host team by 9 runs.

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