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Jaiprakash Industries charts demerger course

In a major restructuring exercise, the Rs 1,100-crore Jaiprakash Industries Ltd is expected to go in for demerger of its existing businesses of engineering and construction, cement and power into three or four independent companies to be listed separately on the stock exchanges.

RPL eyes 10% in HPCL-MRPL venture

Reliance Petroleum (RPL) has, in an unexpected move, offered to pick up 10% in the Mangalore-Bangalore pipeline (MBPL) being promoted by Hindustan Petroleum Corporation, Mangalore Refinery and Petrochemicals and Petronet India.

HCL Tech raises IPO price band to Rs 500-580 a share

HCL Technologies Ltd has revised the indicative price range of its maiden public offering to Rs 500-Rs 580 per share. The company had initially announced a price range of Rs 450 to Rs 540 per share.

Urea price hike will hinge on subsidy bill's extent -- Prabhu

An increase in urea prices will be inevitable if the subsidy bill crosses budget estimates, chemicals and fertilisers minister Suresh Prabhu has said.

New Delhi pushes for a `balanced' agenda

On the eve of the third ministerial conference in Seattle by the month-end, the positions taken by several developed countries individually and in groups indicate they are bound to raise non-trade issues such as labour and environment.