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Silk
exports slide 7% in 2001-02
New Delhi: Silk
exports, which registered a decline of close to 7 per cent during
2001-02, is facing stiff competition from China which has started
to make inroads in Indias traditional markets.
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Indo
Matsushita appliances to re-launch brand
Mumbai: Indo
Matsushita Appliances Co Ltd is re-launching its brand with a slew
of new products backed by a major marketing campaign to push its
New Life range of household appliances to revitalise and
rejuvenate the brand.
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Titan
Industries net down 44% to Rs 13 crore
New Delhi: The
net profit of Titan industries was down by 44 per cent to touch Rs
13.09 crore in the fiscal 2001-02, compared to the previous year.
The profit after tax was Rs 23.48 crore in the year 2000-01.
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FACT
invites EoIs for operating 2 institutions
The public sector
Fertilisers and Chemicals Travancore Ltd, which is under the
disinvestment plan of the central government, has embarked on a
cost-cutting exercise.
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Parke-Davis
rises on merger ratio talk
Mumbai: Analysts
say that if the ratio of 5:2 were declared, it would be most
beneficial to the shareholders of Parke-Davis India.
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Leela
group wins back Rs 97 crore from Hudco
Mumbai: Hotel
Leela Venture won a three-year long arbitration case to recover
the Rs 97 crore that it paid to Hudco Delhi, to acquire land for a
hotel project four years ago.
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BPCL
Q4 net jumps 116% to Rs 373 crore
Mumbai: Bharat
Petroleum Corporation, Indias second-largest oil products
retailer, posted a 116-per cent jump in net profit to Rs 373 crore
in January-March 2002, compared to Rs 173 crore in the quarter
last year.
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HLL
to tap $1-billion outsourcing business
Mumbai: FMCG
major Hindustan Lever Ltd has announced that it is gearing up for
a $1-billion opportunity in outsourcing business from India and
said it had suggested initiatives in this regard.
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Electrosteel
expects good prospects in DI pipes
Mumbai: Electrosteel
Castings Ltd, which recently acquired a 49-per cent stake in the
Hyderabad-based Lanco Industries Ltd, a relatively new player in
the field of ductile iron (DI) pipes, is now benchmarking itself
against global competition.
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Buyers
for ITDC hotels may be finalised on 2 July
New Delhi: Core
group of secretaries on disinvestment has concretised
recommendations on buyers for six hotels of India Tourism
Development Corporation, paving the way for the Cabinet Committee
on Disinvestment to meet on 2 July 2002 to finalise the buyers.
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Cairn
to drill three more oil wells in Rajasthan
New Delhi: Upbeat
over making a rich oil strike at its Koslu well in Barmer
district, Cairn Energy has planned to drill three more wells in
the same area, official sources say.
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HPL
seeks to capitalise interest dues to avoid NPA status
New Delhi: Haldia
Petrochemicals is racing against time to avoid defaulting on
interest payout for two consecutive quarters ending June 2002 and
becoming a non-performing asset in the books of lenders.
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