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Punjab State Power Corporation: CCI clears Punjab State Power Corp's purchase of GVK Power project

The anti-trust regulator said PSPCL, a fully owned undertaking of the Punjab government, intends to take over GVK Power (Goindwal Sahib), which has been undergoing an insolvency resolution process. PSPCL has reportedly offered Rs 1,400 crore to lenders for the acquisition of the GVK power unit. This is the first such takeover of a private electricity generator by a state-run distribution company.
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Rs 35,141 crore embezzled through Andhra's housing-for-poor scheme: Pawan Kalyan writes to PM

​​He claimed that the land value was artificially propped up but only a pittance was paid to the owners while YSRCP leaders pocketed the extra money. He also mentioned that there have been other irregularities as well. Kalyan furnished further details in the letter and requested the prime minister to institute an appropriate probe by central agencies and bring the guilty to book to recover the embezzled amount.
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Korea strengthens stealth fighter fleet with purchase of 20 additional F-35As

The Defense Acquisition Program Administration (DAPA) has officially signed a deal to acquire 20 additional F-35A stealth jets as part of the second phase of its next-generation fighter jet program, according to the state-run arms procurement agency, Wednesday.
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IndusInd Bank-Reliance Capital deal: CCI clears IndusInd Bank-Reliance Capital deal

In July, Hinduja group-owned IndusInd International Holdings (IIHL), the promoter of IndusInd Bank, announced a USD 1.5-billion capital-raising plan to fund the proposed acquisition of Reliance Capital and increase its stake in the lender. The board of the Mauritius-registered IIHL also decided to increase its holding in Reliance Capital to 26 per cent from the present 15 per cent.
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