Arun Kumar News
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Vedanta Resources Plc’s acquisition of oil explorer Cairn India Ltd. was today cleared by the nation’s highest court, which rejected a petition that sought to declare the $8.67 billion deal illegal.
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Gujarat NRE Coke Ltd. , an Indian producer of the fuel that has a 7 percent stake in Pike River Coal Ltd., has sufficient coal supplies, Chairman Arun Kumar Jagatramka said.
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A shortage of injectable drugs in the U.S. means India’s Strides Arcolab Ltd. could sell a division that makes generic cancer treatments and antibiotics for more than the entire company’s market value.
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India’s demand for coking coal will boost global prices for the the next seven to eight years, driving acquisitions from the U.S. to Australia, India’s biggest non-government producer said.
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PineBridge Investments, the money- management firm controlled by Hong Kong billionaire Richard Li, appointed Arun Kumar as chief operating officer at its Middle East unit.
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As Rama Murthy completes the sale of his three-bedroom apartment in the southern Indian city of Hyderabad, he accepts from the buyer a bag full of rupees -- a part of the purchase price the tax man will never see.
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Shipping Corp. of India Ltd. , the nation’s largest sea-cargo carrier, will buy two second-hand supramax dry-bulk vessels by the end of the month as prices plunge amid a glut of new vessels.
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Strides Arcolab Ltd., a supplier of anti-cancer drugs to Pfizer Inc., surged the most in seven years after selling its Ascent Pharmahealth Ltd. unit to Watson Pharmaceuticals Inc. for A$375 million ($393 million) in cash.
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Strides Arcolab Ltd., a Pfizer Inc. drug supplier, said it expects an agreement in two to three weeks to provide injectable medicines amid a supply shortage at U.S. hospitals.
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Gujarat NRE Coke Ltd., India’s biggest non-state-run producer of steelmaking coal, is studying an expansion of the Port Kembla facility in Australia’s New South Wales, Chairman Arun Kumar Jagatramka said today.
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