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Tuesday , January 1 , 2013
Since 1st March, 1999
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Business Briefs

Core growth slows

New Delhi, Dec. 31: The growth of eight core sectors slipped to a four-month low of 1.8 per cent in November, mainly because of a contraction in production of natural gas, coal and cement. The key infrastructure sectors had recorded a growth of 7.8 per cent in the same month last year. The eight core sectors had registered an eight-month high growth of 6.6 per cent in October 2012. In July, the sectors grew 1.2 per cent.

Airport fee

New Delhi, Dec. 31: GMR-led Delhi International Airport Limited today reduced the development fee of the city’s Indira Gandhi International Airport by Rs 100 for domestic and Rs 700 per international passenger with effect from tomorrow.

SpiceJet funds

Mumbai, Dec. 31: Budget-carrier SpiceJet has raised Rs 126.5 crore through issue of securities to promoter Kalanithi Maran. The money has been raised through the issue of compulsorily convertible debentures to Maran.

Fiscal deficit

New Delhi, Dec. 31: The Centre’s fiscal deficit in the April-November period of 2012-13 was Rs 4.13 lakh crore, 80.4 per cent of the budget estimates. In absolute terms, the fiscal deficit was Rs 4.13 lakh crore during the period, Controller General of Accounts data revealed.

Coal blocks

New Delhi, Dec. 31: The government today invited proposals from PSUs for allotting 17 coal blocks to them, mostly for captive power plants.

Duff & Phelps

New York, Dec. 31: A group of private equity firms, including the Carlyle Group, struck a deal on Sunday to buy financial advisory and investment banking firm Duff & Phelps Corp for about $665.5 million.

Indiabulls fine

Mumbai, Dec. 31: Sebi has imposed a penalty of Rs 4 lakh on Indiabulls Securities for allegedly violating various norms including delay in redressing investor complaints.