According to an estimate, Chinese power firms are eyeing 40 per cent market share in India. But the track record of Chinese power firms in India has been far from satisfactory.
Demand for dollar from importers also kept the pressure on the Indian currency. The rupee had ended 20 paise higher at Rs 44.94/95 in the previous session.
The government on Tuesday decided to increase the price of petrol by Rs 2.96 per litre.
Vedanta had on August 16 announced buying Cairn Energy's 40-51 per cent stake in its Indian unit (Cairn India) and an additional 20 per cent through an open offer.
Mukherjee's comment came after the latest government data released on Tuesday showed inflation declining to 7.48 per cent in November, on lowering of food prices.
Continuing with its trend towards moderation, inflation declined to 7.48 per cent in November, mainly boosted by lowering of pressure on certain food items.
Addressing a seminar, Finance Minister Pranab Mukherjee, however, admitted to some problems in the way of implementing the new indirect-tax system.
The Andhra Pradesh assembly passes a Bill seeking to protect women self-help groups from "exploitation" by micro finance institutions.
Gold prices also rose Rs 125 to Rs 20,895 per ten grams with jewellery makers buying afresh to meet the demand in the ongoing marriage season.
The planned cuts, representing up to 5 per cent of the overall workforce of 14,100 employees, are aimed at Yahoo's products unit, the media report said.
Come January 1, all new and existing MF investors would need to disclose if they are or have been a head of state (both at central and state governments).
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