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MCA asks Sebi to provide details of RIL probe
The Ministry of Corporate Affairs (MCA) has asked the Securities and Exchange Board of India (Sebi) for details of its investigation pertaining to Reliance Industries Ltd (RIL). The market regulator had acted on a complaint that RIL had allegedly routed funds to dummy companies to buy its own shares nine years ago. http://smallpersonalloans.org.uk

Chettinad Cement erases gains, ends flat
The stock erased all its gains and ended flat at Rs 450. The counter clocked volumes of 621 shares as compared to the two-week daily average traded volumes of 278 shares on the BSE.

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Two research students killed in BARC lab fire
Two research students were burnt alive in a fire that broke out at a chemical laboratory inside the Bhabha Atomic Research Centre (BARC) complex at Trombay, near Mumbai.
International Business

Luminous Power Tech appoints Arun Nagpal as CEO

Power and energy storage company Luminous Power Technologies today announced the appointment of Arun Nagpal as Chief Executive Officer of the company. - Shobhana Subramanian: The margins can wait">Shobhana Subramanian: The margins can wait - Hindustan Unilever gains on defensive buying - Markets recover from day"s lows - Liril woos the family - HUL to sell 7 residential properties in Gurgaon, Mumbai - Chinese, made in India Prior to the appointment, Nagpal was working as the Chief Executive Officer of auto components firm Minda Auto Care, Luminous Power Technologies said in a statement. "Nagpal brings to us rich, diversified and well rounded 25 years experience in the industry. This would help drive the company"s growth through the next expansion phase...," the company said. Nagpal has earlier worked with Hewlett Packard, Oriflame Nitco tiles and Hindustan Unilever amongst others.


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