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Congress to support economic legislations

Congress president Sonia Gandhi on Sunday promised her party's total support for the passage of economic legislation which were consistent with the promises made in the Congress party's election manifesto.

Total may pick stake in Essar Oil, MRPL

Total of France is exploring the option of picking up a stake in Essar Oil's refinery project even while talks are on with Mangalore Refinery and Petrochemicals for equity participation in the nine-million-tonne project.

GIC anticipates Rs 500cr claims from Orissa

The General Insurance Corporation (GIC) may face a mammoth claims-bill of nearly Rs 500 crore arising from the destruction caused by the Orissa cyclone.

IDBI recalls Rs 22cr loans of ABG Heavy Industries

The Industrial development Bank of India (IDBI) has recalled outstanding loans of around Rs 22 crore from the Agarwals-controlled ABG Heavy Industries for "wilfuly defaulting" on repayments.

Rich-poor battle over Uruguay Round implementation

The fate of the draft ministerial declaration (DMT) drawn up by the WTO General Council for the Seattle Round of trade negotiations hangs in balance thanks to the "intransigent" positions taken by both developed and developing countries on the inclusion of implementational issues in it.