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Business news - 09 May 2014

ShawCor to acquire Desert NDT

ShawCor has entered into a definitive purchase agreement to acquire all of the outstanding shares of Desert NDT LLC for US $260 million.


Indian high court dismisses litigation against gas pipeline

The Punjab and Haryana high court has accepted the argument that the laying of a gas pipeline in Punjab is a project of national importance, dismissing a public interest litigation (PIL) filed by a few villagers from Ludhiana district.