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  • R-Power to pay Rs 465 cr in equity for R-Infra assets

    R-Power to pay Rs 465 cr in equity for R-Infra assets

    Reliance Power (R-Power ), the power generating arm of the Anil Dhirubhai Ambani Group, will pay Rs 465 crore in equity for acquiring three generating assets of Reliance Infrastructure(R-Infra ), also a group company, and take about Rs 630 crore as liabilities on its books, according to people familiar with the development.

    New norms may hit India Inc's valuations

    New norms may hit India Inc's valuations

    Large Indian companies could report a sharp fall in the valuation of their assets as new accounting norms prompt these firms to reassess the fair value of their units, a mandatory condition under globalised reporting standards.

    India Inc lobbies against RBI's new holding co plan

    India Inc lobbies against RBI's new holding co plan

    Large companies, some of them top names from India Inc, are lobbying against the Reserve Bank of India’s (RBI) proposal to change guidelines for holding companies, as the move will crimp their borrowing and also force these companies to revamp their ownership structures.

    India's wind power draws global majors

    India's wind power draws global majors

    Cheaper tariffs will be the driving force for building offshore wind projects as prices of electricity are expected to grow due to tight coal supplies and surging demand.

    Jindal Steel to go 'flat' out on diversification

    Jindal Steel to go 'flat' out on diversification

    Jindal Steel & Power has appointed Vidya Rattan Sharma to head its steel operations, leading to speculation that the Delhi-based steelmaker, which essentially makes rails, could soon branch out into the lucrative flat steel business.

    Tatas may shelve plan to sell Corus’ Teesside unit

    Tatas may shelve plan to sell Corus’ Teesside unit

    Tata Steel is close to aborting its plan to sell the Teesside unit of Corus as high raw material prices of iron ore and coal have made the unit unattractive for prospective buyers, according to a person with direct knowledge of the development.

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