Essar in Bengal
Calcutta, Dec. 3: Essar Oil has shown interest in setting up its third coal-bed methane (CBM) project in the Asansol-Ranigunj belt in Bengal, state industry minister Partha Chatterjee said today. The company will invest Rs 5,200 crore in the project. Chatterjee said Saroj Poddar of Texmaco had also called on him during the day for a food processing unit at Sankrail in Howrah.
Mumbai, Dec. 3: Leading realtorsí body Confederation of Real Estate Developersí Association of India (Credai) has asked its members to seriously consider selling off maximum inventories by reducing prices.
Mumbai, Dec. 3: Reserve Bank deputy governor Subir Gokarn today said fiscal deficit is likely to be around 5.5 per cent of the GDP this fiscal, which is creating stress on the inflation front. The finance ministry had recently revised its fiscal deficit target to 5.3 per cent for 2012-13.