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Local techniques a hurdle in issuing catch certificates
The process of issuing catch certificates for export of marine products to European Union (EU) is now facing another hurdle. The issue of such certificates has become a complex exercise as the local fishing practices are not in tandem with the requirements of the European Commission (EC).

Naveen asks mega projects to promote MSMEs
The Orissa Chief Minister Naveen Patnaik today called upon the large and medium industries in the state to promote the Micro, Small and Medium Enterprises (MSMEs).

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PE, M&A market set for upswing, say players
Mergers and acquisitions (M&As) and private equity (PE) investments in India dipped both in value and volume terms in 2009 due to the global slowdown. This, along with the sharp run-up in the equities in the second half of the year and too much liquidity globally, has made deal closure an arduous task for PE players. Despite this, the players are hopeful that the investment market will improve in 2010. The value of deals (both PE and M&As) announced in calendar year 2009 (January to December 13, 2009) was $21.20 billion as against $41.54 billion, a decline of nearly 49 per cent. During 2007, the value was $70.14 billion, according to data compiled by Grant Thornton.
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Madhucon Projects bags Rs 196 cr order from NCL; shares surge

Construction firm Madhucon Projects today said it has bagged an order worth Rs 196.24 crore from Northern Coalfields (NCL) for an infrastructure-related work. - Madhucon hits upper limit on Rs 196 cr order - Volatile Sensex at day"s high, up 182pts - Federal Bank slips on profit-taking, FY09 net up 31% - CESC FY09 net rises 15%, stock off day"s high - Rise in profit boosts Redington, stock up 15% - Sensex rebounds; Tata Motors, M&M slip "Northern Coalfields has awarded the work of removal of over burden at its Jayant OCP (open cast project) for a contract price of Rs 196.24 crore," Madhucon Projects said in a filing to the Bombay Stock Exchange. The project would be completed in a period of three years, it said. Amid this announcement, shares of Madhucon Projects rose 5 per cent to hit its upper circuit limit of Rs 120.50 in the morning trade on the BSE. The Andhra Pradesh-based Madhucon Projects is an infrastructure development company specialised in construction of highways, dams, canals, power projects and coal mines. A week earlier, the company had secured a contract worth Rs 300 crore from the National Highway Authority of India for a road project in Rajasthan.


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