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RCom wants action against its special auditor
Reliance Communications (RCom) has asked the department of telecommunications (DoT) to take action against its special auditor, Parakh & Co, for alleged breach of confidentiality and misconduct. It has also asked DoT to scrap Parakh’s report, saying the conclusions are incorrect, unilateral and biased.

Mumbai SEZ in danger of being scrapped
The country’s largest special economic zone (SEZ), promoted jointly by Reliance Industries Chairman Mukesh Ambani and his confidant Anand Jain, is in danger of being scrapped. The zone was being set up by a company called Mumbai SEZ Ltd in the Raigad district of Maharashtra.

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L&T accepts U'khand govt's demands on hydel project
Infrastructure major Larsen and Toubro (L&T) has accepted all the demands in its implementation agreement with the Uttarakhand government on the 99-Mw Singoli-Bhatwari hydel project in the hilly Rudraprayag district.
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Bullion market insulated to Dubai debt heat, rebounds

Mumbai, Nov 28 (PTI) The bullion market bounced back today from its overnight sell-off regaining its lost ground on fresh buying by stockists and traders at current attractive levels. - Abu Dhabi would come to Dubai's rescue, says economist - Dubai mulling new law to protect property investors - Pranab plays down Dubai crisis, says nothing to worry - Nagarjuna Construction says Dubai crisis will not affect it - Dubai crisis will not affect NCCL: Murthy - Corporate goal Both the precious metals fell prey to yesterday"s financial turbulence which dragged down markets across the globe on concerns over Dubai"s debt payment crisis. "Today"s meaningful recovery came in the backdrop of government"s assurance that country"s economy is insulated to current crisis", traders said. "Yesterday"s fall was a mere correction which was overdue at anytime considering gold"s steep rise and Dubai debt crisis was made a scape-goat", they added. Standard gold (99.5 purity) recovered smartly by Rs 210 per ten grams to close at Rs 17,825 from yesterday"s closing level of Rs 17,615. Pure gold (99.9 purity) also shot up by Rs 205 per ten grams to end at Rs 17,910 as against Rs 17,705 previously. Silver ready (.999 fineness) firmed up by Rs 280 per kilo to finish at Rs 29,055 from Rs 28,775 yesterday.


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