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IOC to supply cleaner petrol, diesel to 13 cities from Apr 1
Indian Oil Corp, the nation"s largest refiner, and other state-run refiners will supply Euro -IV grade petrol and diesel in 13 big cities from April 1, but supply of the cleaner fuel to rest of the country may be delayed by three to six months.

Love, orchids
Add a little colour to your living spaces with fresh orchids ordered from around the world.

News of the day

Hello commerce
Anand Sharma, Union minister for commerce and industry, must have got used to people addressing him in various ways. But Minister of State for Railways E Ahmed stunned him last week when he was about to enter Parliament. Ahmed was talking to someone outside gate number 4 when Sharma stepped out of the car. “Hello commerce, hello commerce,” Ahmed called Sharma. Sharma acknowledged the joke and responded with a warm smile.
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Gammon Infra to acquire Spanish partner's stake in JV

Gammon Infrastructure Projects today said it has entered into an agreement with the Spain-based Dragados for acquiring the firm"s stake in Indira Container Terminal Pvt Ltd (ICTPL) in phases. - Gammon Infra secures Rs 850 cr NHAI contract - Gammon Infra fixes Oct 27 as record date for stock-split - Govt awards seven port projects worth Rs 1,800 cr - Gammon Infra hikes stake in Vizag Seaport - Gammon Infra may raise Rs 500 cr through QIP - Gammon Infra plans stock-split Under the agreement with Dragados Servicios Portuarios y Logisticos SL, GMR Infrastructure Projects would purchase 50 per cent stake of the Spanish firm in ICTPL in two phases. "The agreement envisages buying of 24 per cent stake in ICTPL now and a further 26 per cent equity stake after three years post the commencement of commercial operations of the offshore container terminal project being implemented by ICTPL," Gammon Infra Projects said in a filing to the BSE. However, the company did not disclose any financial detail in this regard. ICTPL is a joint venture between Dragados and India"s Gammon Group. The transaction is subject to regulatory or statutory approvals as may be required, the filing to the Bombay Stock Exchange (BSE) added. Shares of Gammon Infrastructure Projects surged 7.61 per cent at Rs 20.50 on the BSE.


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