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Credit information bureaus trip on new FDI norms
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Farmax Retail plans to raise Rs 500 cr
Farmax Retail (India) today said its board has approved to raise funds up to Rs 500 crore through various routes including issue of foreign currency convertible bonds (FCCBs) and global depository receipts (GDRs).
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'Delhi, Mumbai airports got over 4 points in service quality'

Government today said the Delhi and Mumbai airports achieved service quality ratings of 4.24 and 4.05 respectively on a scale of five in third quarter of the current fiscal and were aiming at reaching 3.75 at the end of stage II of their development. - Probe into YSR chopper crash to be over by Nov-end: Patel - AAI raised Rs 380 cr this year; fares to remain unchanged - "In principle" approval for 12 greenfield airports: Patel - Aerospace SEZ inaugurated - First AI equity infusion by December, says Patel - Govt asks AI to save Rs 2,000 cr by March "Indira Gandhi International Airport, Delhi and Chhatrapati Shivaji Airport, Mumbai had achieved Airport Service Quality rating of 4.24 and 4.05 on scale of 0-5 for July-September in 2009," Civil Aviation Minister Praful Patel said in reply to a Lok Sabha query. The Minister said under the agreement between the Airports Authority of India (AAI) and the joint venture companies-- Delhi International Airport Limited (DIAL) and Mumbai International Airport Limited (MIAL) -- "the target rating after completion of the stage 2 shall be 3.75 on the scale of five." The stage II of development of the Delhi airport is expected to be completed by 2016. While replying to another query, the Minister said DIAL and MIAL have collected Rs 323.11 crores and Rs 119.75 crores respectively as development fees till October this year. He added that funds collected will be utilised only for construction of assets, which can be transferred to the AAI on the completion of their lease period.


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