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CCI yet to repay Rs 4,000 cr loans taken for cotton buys
The Cotton Corporation of India (CCI) has so far borrowed about Rs 8,000 crore from banks this season to carry out procurement operations on behalf of the government, half of which is yet to be repaid.

SAIL, ONGC, IOC, NTPC may get Maharatna tag
Four public sector giants — ONGC, Steel Authority of India Ltd (SAIL), Indian Oil Corp (IOC) and National Thermal Power Corp (NTPC) — were likely to get in next ten days the Maharatna status, which would empower these Public Sector Undertakings (PSUs) with greater autonomy, a top government official said today.

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Sterlite Technologies bags Rs 600 cr orders
Sterlite Technologies, a leading global provider of transmission solutions for the telecom and power industries, has received over Rs 600 crore in new contracts in November for its telecom and power products, from prominent incumbents in India and Africa based on the delivery schedules required by its clients, over 30 per cent of the cumulative contract value would be executed within financial year 2010 and the balance within the first quarter of the next financial year.
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Raja-telcos meet tomorrow; CBI probe, 3G may figure

Issues ranging from the CBI probe to 3G auction may figure in a series of meetings Telecom Minister A Raja will hold with the chief executives of companies begining tomorrow. - Speed up 3G - Govt allows foreign firms to bid for 3G auction - Govt may hold 3G auction in Jan - Andhra orders CBI probe into YSR chopper crash - Sunil Jain: Killing 3G">Sunil Jain: Killing 3G - Steel Min seeks CBI probe into Rs 600-cr gold deal The meetings spread over three days will have separate discussions with Unified licensees, NLD and ILD players as well as ISPs. It has no fixed agenda, but will discuss all issues of the industry and the auction of the 3G spectrum, said sources. A telcom operator said since there is a CBI investigation over alleged irregularties in the license and spectrum allotment going on, the minister may try to win over the industry by asking them not to be perturbed over the development and focus on operations and customers. An official said the department would try to send out a message to the telcos that it would be work as usual and companies would participate in the 3G spectrum auction. The industry on its part is likely to seek some clarity on policy directions in the wake of the CBI investigation, said another player.


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