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SAIL open to partnering NMDC for proposed K'taka plant
The country"s largest steel maker Steel Authority of India (SAIL) today said it is open to partnering NMDC in setting up a steel plant in Karnataka, primarily catering to sectors like the automobile and consumer durables.

Wockhardt divests animal health division
Pharma major Wockhardt today said it has completed the sell-off process of its animal health division to France-based Vetoquinol SA.

News of the day

Govt has no info on ministerial conflict of interest in gas row
The Prime Minister’s Office does not have any information whether cabinet ministers who were part of the Empowered Group of Ministers (EGoM) to decide on the price of gas from the Krishna-Godavari basin had declared if they had any conflict of interest with regard to Reliance Industries Ltd or the late Dhirubhai Ambani. The PMO has said so in reply to a Right to Information (RTI) query.
Management

RIL Executive Director R Ravimohan passes away

Reliance Industries" Executive Director and Crisil former Chairman, R Ravimohan passed away last night here due to cardiac arrest. - Ambani gas row dominates SC in 2009 - Positive returns on the cards, but no sharp surge - RIL tests peak output capacity of KG fields - Top-10 cos add Rs 70,000 cr in m-cap - Goldman Sachs takes 9.4% in Max India for $115 mn - Camera indica Ravimohan, who was closely involved with the modernisation of Indian financial system, had been involved in critical policy assignments including being a member of the Primary Market Advisory Committee of Securities and Exchange Board of India (Sebi), Technical Advisory Committee and Financial Stability and Stern Test Assessment of Committee of Reserve Bank of India and Raghuram Rajan Committee on Financial Sector Reforms. Ravi Mohan had previously served as Crisil"s Chairman and Standard & Poor"s Managing Director and Regional Head for South and South East Asia. He was credited with building CRISIL into the largest rating, financial and business research and advisory service company in India. Reliance Industries appointed Ravi Mohan as a wholetime Director designated as Executive Director with effect from September 1, this year. He was a Chemical Engineer and had completed the Advanced Management Program from Harvard Business School.


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