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Oil India's Chennai Petroleum Corporation Limited (CPCL) announced on Tuesday that it will be expanding its refining capacity during this year.

It said that it will expand the current capacity by 6 million tons and for that it is going to spend Rs. 10,000 crore.

Talking to the media, K. Balachandran, CMD of CPCL said that although the plan is to increase the capacity by nine million tons, it will have to scrap the existing refining facility for that. And that is not what they want to do.

The current capacity of the refinery is 3 million tons of crude oil.

The Department of Industrial Promotion and Policy (DIPP) said that it wants to resurrect the debate regarding the increase in the foreign direct investment (FDI) in Indian defense sector particularly in the equipments.

The whole issue reignited after the Commerce Ministry came out with a white paper. In it, the ministry had proposed that the current FDI level in the defense sector be increased to 74 per cent.

The promoters of Bank of Rajasthan (BoR) said on Tuesday that it have decided that the merger of the bank should take place with India's largest private sector bank, ICICI Bank.

There was buzz in the market for quite sometime and the final statement came during later part of the day during Tuesday.

BoR in its statement to the stock exchanges has informed them of their decision. It said that it has received a communication from Sanjay Kumar Tayal, one of the promoters of the company, said that the board has taken the decision.

After the hullabaloo, the Ambani brothers have finally agreed to sit informally and discuss the matter related with the possible gas supply.

The two companies question are- Mukesh Ambani's RIL and Anil Ambani's RNRL. The issue started when RIL refused to sell RNRL gas at less than $4mmcd, to which Anil refused saying that it was against the agreement.

Just a few days back, the apex court gave a decision in favor of RIL and said that the decision to decide the price of gas is with government, and not companies.

The baap of all dance shows in India is back on stage. And it is still the number one in its field, even after running on the small screen for more than 15 years.

Yes! Boogie Woogie is back and it is coming with, claim the makers, more fun, masti and dhamaal.

It is India's original dance show and is coming back with a children's championship. It has been sometime since the faces of Javed, Naved and Ravi were seen on the screen.

The three i. e.: Javed Jaffery, Naved Jaffery and Ravi Behl, who are the in-house judges and the creators of this show, promise good entertainment for dance fans.

The Civil Aviation Authority (CAA) has informed that a new set of rules is going to be introduced to allow planes to fly at a level higher than the ash densities. For this type of fly the airlines need an agreement with the engine and aircraft manufacturer. The entire manufacturer, regulators and the airlines have welcomed this decision of CAA.