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Bundelhand continues to be a major bone of contention between the Congress-led UPA at the Centre and the Mayawati government in Uttar Pradesh. Despite talks with state power major NTPC for setting up a mega power project in Bargad falling apart over differences of opinion on allocation of power to the state, the Uttar Pradesh government has managed to get a private player to build not one, but two power projects in the region. A meeting of the energy task force here on Friday decided to grant a
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NEW DELHI (Reuters) - Indian refiners processed 4.8 percent less crude oil in October from a year earlier, the third straight monthly decline, official data showed on Friday.
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Coconut oil prices are on the boil due to low availability of coconuts and high prices of competing oils, like palm kernel. The prices have almost doubled in a year and touched Rs 81 per kg on Thursday in the Kochi market. Oil from Kangayam (Tamilnadu) delivered in the Kochi market was quoted at around Rs 82-83 per kg on Thursday. Traders said the market might up further as coconut availability in almost all southern states is going down. High prices and demand for competing oils like palm and
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LONDON (Reuters) - Oil inched up in paltry trade on Thursday, extending its biggest gain in four months as the dollar edged lower, but ongoing concerns about the euro zone and Chinese inflation threatened to limit gains.
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LONDON (Reuters) - Oil trade will go back to the basics of grass roots contacts and niche expertise as global plays are reined in by tight margins and regulation, a former head of global oil at trading house Marc Rich told Reuters.
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MEXICO CITY (Reuters) - Mexico will kick off its first auction in decades of oil field operation rights next February, taking a tentative step toward opening up a sector that was nationalized in 1938.
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NEW DELHI (Reuters) - Suzlon Energy, developers Lavasa Corp and DB Realty were among companies named by Central Bureau of Investigation in a bribery scandal that led to arrests of eight top officials of banks and financial firms, media reports said on Thursday.
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NEW DELHI (Reuters) - UK explorer Cairn Energy has sought Indian government approval to switch control of three producing blocks to Vedanta Resources , an oil ministry source said, an important step in sealing the sale of its Indian assets.
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MUMBAI (Reuters) - The rupee traded marginally stronger on Thursday afternoon, tracking broad dollar losses but a choppy domestic sharemarket and some month-end dollar demand from oil firms limited a further upside.
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The first home-grown corporate day care surgery chain Nova Medical Centre is planning to go global by entering into West Asia. Nova, a brainchild of Mahesh Reddy and US investment fund GTI, is entering the final leg of negotiation with a West Asia-based business conglomerate which has interest in diverse sectors such as oil and gas, banking and medical clinics. The agreement, which may be formalised within six to eight months, would entail the business group from West Asia buying into the Banga
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NEW YORK (Reuters) - Electric power generation in the U.S. dipped 4.1 percent from 2008 to 2009, the largest decline in sixty years, reflecting a 2.6 percent fall in gross domestic product, according to a U.S. Energy Information Administration (EIA) report.
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NEW YORK (Reuters) - Oil prices rose more than 3 percent on Wednesday as data that suggested economic recovery is improving and pre-Thanksgiving holiday short covering helped oil post its biggest percentage gain in four months.
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WASHINGTON (Reuters) - BP made a series of decisions while drilling its doomed Macondo well that saved time but added risks prior to its massive Gulf spill, according to a White House oil spill commission document leaked by a media outlet.
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HOUSTON (Reuters) - The administrator of BP Plc's $20-billion fund for victims of the worst U.S. offshore oil spill on Wednesday encouraged claimants to file early for final settlements to get the most generous terms.
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New Delhi, Nov.24 (ANI): The Asian Development Bank (ADB) today signed a joint venture agreement with India s NTPC Ltd. and Kyushu Electric Power Company of Japan to develop and operate 500 megawatts of renewable energy projects in India in the next three years.
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