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New Act for development and regulation of mines, minerals
A new draft bill to replace the Mines and Minerals Development Regulation Act, 1957, would be placed before the Cabinet soon, a senior government official said here today.

RIL discovers third gas reserves in KG basin
Reliance Industries (RIL), the country’s largest private sector company, has announced its third successive gas discovery in the exploration block KG-DWN-2003/1 (KG-V-D3), of NELP-V. The deepwater block KG-DWN-2003/1 is located in the Krishna basin, about 45 kilometers off the coast in the Bay of Bengal. The block covers an area of 3288 square kilometres. RIL holds a 90 per cent participating interest (PI) and Hardy Exploration and Production India Inc holds the rest.

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DCGI to issue CoPP & WHO certificates for export from October
The Drug Controller General of India from next month will issue Certificates of Pharmaceutical Products (CoPP) and Certificates of Good Manufacturing Practice for medicinal products required for exports.
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ING Vysya Bank raises Rs 230 cr through QIP issue

ING Vysya Bank Ltd has raised Rs 230 crore by issuing 9.27 million equity shares of Rs 10 each at a price of Rs 248.10 per equity share including a premium of Rs 238.10 per equity share to qualified institutional buyers (QIBs). The issue was closed on September 8, 2009. - India becomes more competitive, but Switzerland best in world - Bank of India raises Rs 500 cr via bonds - J&K Bank draws flak from CAG for various lapses - Barclays Capital appoints Matthew Ginsburg - India likely to grow by 7-7.5% in FY10: Kamath - ING Vysya Bank QIP opens today According to a press release issued by the bank, the committee of the board of directors has approved the issue of shares to QIBs. The bank has further informed BSE that the floor price in respect of the aforesaid Qualified Institutions Placement, based on the pricing formula as prescribed under Regulation 85 (1) SEBI (Issue of capital and Disclosure Requirements) Regulations, 2009 is Rs 248.09 per equity share, and the Relevant Date for this purpose, in terms of Regulation 81(c) (i) SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, is September 7, 2009.


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