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With the current VRS plan expected to cut BSNL’s staff by almost half, the DoT has instructed the corporation to put in place measures to ensure business continuity and smooth transition, particularly for manning telephone exchanges in rural areas. At present, various options are being discussed for the transition period. A source in Department of Telecom (DoT) told PTI said the matter requires urgent focus, and meetings are on to find a solution to ensure there is no impact on day-to-day manning of exchanges and other operations, once the VRS…

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Reliance Industries has cut by about 7 per cent the minimum price it is seeking for the natural gas it plans to produce from newer fields in the Bay of Bengal KG-D6 block after key customers such as fertiliser plants protested over the high base price, sources said. Reliance and its partner BP Plc of the UK is in the market seeking bids from potential users for the 5 million standard cubic metres per day of natural gas they plan to produce from the R-Cluster Field in KG-D6 block from…

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Equity benchmark BSE Sensex tumbled 330 points on Friday as investors pressed the exit button after Moody’s cut India’s credit rating outlook citing growth concerns. Profit-booking following the recent record-setting run and unease over frothy valuations also took their toll, analysts said. Trading on a weak note though the day, the 30-share Sensex briefly turned positive to hit a fresh intra-day high of 40,749.33, but failed to sustain the momentum. It finally ended 330.13 points, or 0.81 per cent lower at 40,323.61. Similarly, the broader NSE Nifty plunged 103.90 points,…

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