Bharti's roaming throws cell flock, cops in a spin
New Delhi: Bharti's optimal-routing roaming solution sure looks juicy for both caller and roamer. But the rest of the cellular flock seem to sense the  veiled threat of a forbidden fruit. Eating that fruit, they believe, could land the entire cellular industry in a soup.
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Titan, Maxima in race for 74% in HMT
Bangalore: One of the country's oldest watch companies, HMT Watches' disinvestment of 74 per cent stake has drawn lukewarm response from the industry.
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IBM may trim PwC India staff
Bangalore: It's the inevitable question that comes up after any merger and acquisition announcement. Will there be lay-offs? Its now the turn of employees of PricewaterhouseCoopers in India to worry after they were confronted with the news of IBM taking over PwC globally.
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Mittal taps best of SAIL's talent
New Delhi: Lakshmi N Mittal, it seems, has also developed the ability to tap future leaders from among the Indian steel fraternity to head his overseas operations.
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Punjab Infocom to sell Puncom stake
Chandigarh: Punjab Information and Communication Technology, earlier known as Electronics Corporation of Punjab, will sell its entire equity of 69.79 per cent held by it in Punjab Communications through an international competitive bidding process.
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BSNL to offer STD calls over VoIP in 6 cities
New Delhi: Bharat Sanchar Nigam is setting up a voice over Internet protocol (VoIP) network connecting six cities : Ahmedabad, Bangalore, Chennai, Delhi, Kolkata and Pune.
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Used Maruti prices skid
New Delhi: Second-hand prices of the Maruti 800 have crashed by more than Rs 7,000-Rs 8,000 in the used car market due to a spill-over effect of the recent price cut of its basic model by Maruti Udyog.
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Reliance adds provisional patents to kitty
Mumbai: Reliance Life Sciences, the biotechnology initiative promoted by the Ambani family, has expanded its portfolio of provisional patents by filing patents in industrial biotechnology and plant biotechnology.
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Liquor brands going for stylish, sleeker looks
Mumbai: Major Indian liquor brands are increasingly being sold in stylish new packaging, in keeping with international standards.
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Tata, Jindal may submit bid for SAIL's Salem plant
Mumbai: The sale of Salem steel plant of Steel Authority of Indian Limited has finally taken off. Morgan Stanley has asked the two shortlisted companies, Tata Steel and Jindal Strips Limited to start due diligence and submit financial bids in the next two months.
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Mobile war on, Hutch-to-Hutch incoming calls now free
Mumbai: As the third and fourth cellular providers begin to roll out their networks in various circles in the country, the price war seems to be intensifying. On Friday, Hutchison announced free incoming calls for its 1.6 million customers from other Hutch users in the country.
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Reliance to complete Phase I K-G basin drilling by Dec
Mumbai: By December-end this year, Reliance Industries Ltd would have completed the first phase of drilling operations in the deep and choppy waters of the Krishna-Godavari (K-G) basin.
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GM India plans new model every year
Bangalore: Car manufacturer General Motors India Ltd on Friday said its much-awaited D segment CBU offering, the Vectra, is undergoing validation exercise and would be launched in the market shortly.
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Guj Ambuja not to make fresh investment in hotels
Mumbai: Cement major Gujarat Ambuja has made fresh investments and refurbished its hotel, Radisson Fort, located in Raichak near Kolkata, in an effort to make it a profitable venture.
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HMT, BHEL units bag major orders
New Delhi: HMT Machine Tools Ltd, a subsidiary of HMT Ltd, has bagged an order worth Rs 12 crore for the supply of high-speed machining centres and special purpose machines to Toyota Kirloskar Auto Parts, an export-oriented auto parts manufacturing company.
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DCA to closely monitor buybacks
New Delhi: The Department of Company Affairs (DCA) has decided to closely monitor the buyback transactions of corporates in the country. It would soon make it mandatory for its field officers to furnish details of all such companies which have appiled for buyback transcation.
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Final open offer for Axles India
Chennai: Spicer Heavy Axle Holdings Inc, Wheels India Ltd and Sundaram Finance Ltd have made a "second and final offer to all the balance public equity shareholders" of Axles India, for the purchase of 7.34 lakh equity shares, representing 8.05 per cent
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DSCL net up; takes 51% stake in Moravie
Mumbai: DCM Shriram Consolidated Ltd has reported a pre-tax profit of Rs 14.96 crore in the first quarter of this fiscal compared to Rs 13.58 crore in the same period last year, a growth of 10 per cent.
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RPL used public issue proceeds to buy group co stocks: DCA
New Delhi: The Department of Company Affairs (DCA) has reported diversion of funds aggregating Rs 565 crore from the public issue proceeds of Reliance Petroleum Ltd (RPL) during 1994-95 for buying the stocks of two group companies.
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Default notices to 69 foreign cos
New Delhi: The Central Government had received applications from more than 100 foreign companies seeking condonation of delays in filing of statutory papers during the financial year 2001-02. Default notices have been issued to 69 foreign companies.
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XPS Cargo signs MoU with Japanese cos
Mumbai: XPS Cargo Services, the express cargo division of Transport Corporation of India, has signed a memorandum of understanding with Yanmar Co. Ltd and Mitsui & Company Ltd of Japan to offer specialised cool container service.
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Choice Hotels, Jet Air tie-up for corporates
Mumbai: After the apex fare scheme for the general traveller, it's now the turn of the corporates to receive some freebies. Choice Hotels India (CHI), a name known for its `Quality Inn' and `Comfort Inn' brands, has tied up recently with Jet Airways.
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Novo Nordisk unfazed by `ragaglitazar' setback
Bangalore: The setback suffered by the Danish pharma company in the clinical trial of ragaglitazar molecule for diabetes treatment will not affect the company's sales in India.
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PowerGrid Corp asks WRLDC to take immediate action
Kolkata: PowerGrid Corporation, has called upon the western regional load dispatch centre to take immediate measures including disconnection of lines and filing a petition with the CERC in view of frequent drop in the frequency below 49 Hz in the western region of which grid collapsed on July 30.
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Apollo to focus on managed hospitals
Chennai: Apollo Hospitals Enterprises Limited has decided to focus more on managed hospitals as against owned ones as a growth model for the next few years to promote its Apollo Quality Care services and to have a wider reach in the country.
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Oriflame plans new market foray, expansion in India
Mumbai: Swedish cosmetic giant Oriflame International is planning to make a foray into new markets in the coming months.
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Shell, IOC to pick stakes in GSPL
New Delhi: Royal Dutch/Shell and the state-run Indian Oil Corporation are among four firms taking stakes in Gujarat State Petronet Ltd, which will issue fresh equity, a company official said on Friday.
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