Briefly Business

Govt cancels two more coal blocks of NTPC

new delhi: The government has cancelled another two coal blocks allocated to NTPC for not developing them within the stipulated time frame. 8230;the Ministry of Coal is of the view that allocatee company is not serious about development of coal blocks and has therefore decided to deallocate Brahmini and Chichro Patsimal coal blocks allocated to NTPC, ministrys website said.

CERC shortlists Deloitte,Poyry for audit

new delhi: The Central Electricity Regulatory Commission has shortlisted two entities,Deloitte Touche Tohmatsu Private Ltd and Norways Poyry Consulting,for auditing the price discovery mechanism being used at the two

power exchanges in the country.

Max to buy out Warburg from healthcare institute

new delhi: Max India on Friday said it will buy private equity firm Warburg Pincus groups entire 16.37 per cent in Max Healthcare Institute for Rs 140 crore. The companys board approved to acquire 4.76 crore shares of Rs 10 each of Max Healthcare Institute.

RBI signs MoU with Dubai Financial Services Authority

dubai: The Reserve Bank of India signed a Memorandum of Understanding with the Dubai Financial Services Authority DFSA during the visit of a senior DFSA official to Mumbai this week,it has been announced.

NSIC to get into petrochem import; to expand portfolio

new delhi: The National Small Industries Corporation NSIC,which provides raw material like coal,steel and aluminium to small enterprises at bulk discount rates,will start importing petrochemical products for these units.

Access to info on Swiss accounts made easier

Geneva: The Swiss Parliament Friday gave approval to amendments to tax treaties with countries,including India,that makes it easier for them to access information about the illegal funds held by their nationals in Swiss private banks. Governments which have signed DTAAs can now identify an account holder from their territories by providing an IBAN number.

Zydus to acquire assets of Nesher Pharmaceuticals

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new delhi: Cadila Healthcare,a part of Zydus Group,on Friday said its US-based unit has entered into an agreement to acquire the assets of Nesher Pharmaceutical for an undisclosed amount.

Bank employees to strike work on July 7

Kozhikode: About 10 lakh bank employees across the country will go on strike on July 7 to protest against the government8217;s policies on public sector banks,the United Forum of Bank Unions said.