New Delhi, Nov. 22: The government today allowed 1 million tonnes of sugar export and removed curbs on traders to hold stocks of the sweetener, a decision the industry said would help improve their cash flow and enable them to make timely payment to cane growers. An empowered group of ministers on food, headed by finance minister Pranab Mukherjee, approved exports as the country’s sugar production is expected to exceed the domestic demand by 3-4 million tonnes in the 2011-12 marketing year.
New Delhi, Nov. 22: India will launch its maiden bid round for exploration of shale gas during the 12th plan period (2012-17), Directorate General of Hydrocarbon director-general S.K. Srivastava said.
New Delhi, Nov. 22: Jaypee Development Corporation will make an open offer to acquire up to 26 per cent stake in Andhra Cement which may require over Rs 91 crore.
New Delhi, Nov. 22: State-owned Oil and Natural Gas Corp is likely to give its ‘no-objection certificate’ to Cairn Energy Plc’s stake sale in its Indian unit to Vedanta Resources by the year-end, chairman Sudhir Vasudeva said today.
