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Indian firms keen to raise funds from global mkt

Indian firms keen to raise funds from global mkt

Analysts opine that many Indian companies are interested to refinance their rupee debt by raising funds in the global market at a lower interest rates as compared to the domestic rates. Given the flexible terms and low rates, investors and fund managers are reportedly exploring the cheaper US lo

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Cairn-Vedanta deal in ONGC's court

Cairn-Vedanta deal in ONGC's court

The government’s law officers have held that Edinburgh-based firm needs ONGC’s consent to sell its majority stake in Cairn India to Vedanta Resources.

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Vedanta-Cairn subject to 11

Vedanta-Cairn subject to 11

The Ministry of Oil and Petroleum is willing to give in-principle approval for Vedanta Resources’ acquisition of Cairn India, provided the Vedanta agrees to a set of 11 preconditions.