News, Indian stock market, NSE, BSE.
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Rel Power unable to raise funds for Krishnapatnam UMPP |
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Written by rapfinancial
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Friday, 29 July 2011 12:57 |
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The agony seems to be piling up for Reliance Power 's Krishnapatnam Ultra Mega Power project (UMPP). CNBC-TV18 learns from sources that the Anil Ambani-led power company is unable to raise funds for the project. The construction at the site has come to a standstill according to a CEA (Central Electricity Authority) report.
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Apple, Samsung end Nokia's 15-yr reign |
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Written by rapfinancial
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Friday, 29 July 2011 12:31 |
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Apple and Samsung Electronics ended struggling Nokia's 15-year reign at the top of the smartphone sales rankings in the second quarter, researchers said on Friday.
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SEBI's takeover code raises open offer trigger to 25% |
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Written by rapfinancial
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Friday, 29 July 2011 12:02 |
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Stock market regulator the Securities and Exchange Board of India (SEBI) has raised the initial trigger threshold for an open offer, from the existing 15 per cent to 25 per cent, accepting in the process most of the recommendations of the Takeover Regulation Advisory Committee (TRAC).
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Republicans cancel vote on debt bill |
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Written by rapfinancial
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Friday, 29 July 2011 11:47 |
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Republican leaders in the House of Representatives, facing a conservative revolt, put off a vote today on a bill to increase the government's debt limit, cut federal spending and avoid a potential US default.
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