Tatas launch two microsites
The Tata Group has launched two microsites, www.tatamastercraft.com and www.tatatkk.com, that showcase the strides Indias best-known business conglomerate is taking on the path to technological innovation
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GFCL sale may get delayed as Iffco clearance hangs fire
New Delhi: Disinvestment of Godavari Fertilisers & Chemicals Ltd is likely to get delayed since the board of Indian Farmers Fertiliser Cooperative Ltd, which holds a substantial stake of 25 per cent in the company, has not yet given a go-ahead.
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Modi Xerox had 85 fictitious A/cs: I-T Deptt
New Delhi: Investigating agencies, including the income tax department, have established that several accounts were used by Xerox Modicorp to park the money it finally used to pay bribes to government officials.
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M&M to merge 2 arms
Mumbai: Mahindra & Mahindra is planning to merge its two subsidiaries Mahindra Engineering & Chemical Products with Mahindra Realty & Infrastructure Developers.
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Bayer to focus on crop sciences, engg plastics businesses
Mumbai: Bayer AG will keep crop science and polymer & engineering plastics businesses as its key business areas in the country.
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States seek moratorium on loan repayments
New Delhi: Faced with the worst-ever drought in the last 15 years and a decline in revenue realisation, States have sought a moratorium on the repayment of loans given by the Centre in the
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Rethink on UTI, IFCI,IDBI privatisation: Govt to exit only after revival
New Delhi: The new strategy which is being thought of could imply that the government may infuse some more funds for these institutions to help stage a revival.
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DCA calls for Ferguson report from Tata Fin
New Delhi: The Department of Company (DCA) has asked Tata Finance Ltd (TFL) to submit the controversial A F Ferguson audit report on the company, along with the related correspondence on the issue between the auditing company and TFL.
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Ministry to seek nod for BPCL Bina stake hike
New Delhi: The Ministry of Petroleum and Natural Gas is planning to seek Cabinet nod for raising Bharat Petroleum Corporation Ltd's equity in the 6-million tonne Bina refinery from 26 per cent to 50 per cent.
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Goodyear not to roll out tyres for Ceat
Kolkata: Goodyear India Ltd (GIL) will soon fully discontinue manufacture of tyres for Ceat Ltd under the brand names of the latter company.
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Bhartias hike stake in Jubilant Organosys
New Delhi: The promoters of Jubilant Group, the Bhartias, have further increased their stake in the flagship company, Jubilant Organosys Ltd by 3.3 per cent during the period July 2001 - June 2002 through the creeping acquisition route.
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TCS bucks the trend, recruits 1,500 more
Mumbai: Tata Consultancy Services had an unusually positive fallout from the IT slowdown. The No.1 Indian IT services companys attrition rate came down from 12 per cent in 2000 to 3.8 per cent in 2002.
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Coca-Cola to finally offload 49 per cent
New Delhi: Coca-Cola India has finally finalised plans to privately place 49 per cent shares in its bottling subsidiary Hindustan Coca-Cola Beverages to a clutch of Indian strategic investors, employees and seven franchisee bottlers.
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LIC stuffs its bag with blue chips
Mumbai: While UTI is selling its stake in India Inc. in a desperate bid to raise money, another State-owned institution is buying into major companies. Welcome to the new bull on the block LIC.
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GIC to extend reinsurance biz to life
New Delhi: General Insurance Corporation is venturing into life reinsurance. This will be a big leap for the corporation, as with this move it will become a full-fledged reinsurer having the capacity to write both life and non-life business.
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CTV makers bet big on cricket season
Mumbai: It's real life's take on reel life. Just like Bhuvan and gang in the movie Lagaan, the Indian CTV industry is waiting with bated breath to see if the magic of cricket is able to overcome the drought in the country.
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Japanese woo Indian IT professionals
Pune: Japanese are wooing software talent in India to work in Japan. A Japanese company is looking to recruit at least 100 software professionals this fiscal from Pune to work in Japan at levels ranging from programmer to project manager in telecom and engineering companies.
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ICICI to syndicate Rs 850-cr loan to Hughes Tele.com
Mumbai: ICICI Bank has agreed to syndicate the debt requirement of Hughes Tele.com as the company moves ahead with its plans to launch the wireless in local loop service in Maharashtra. The company is reworking its business plan to raise fresh money for this project.
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Tata Engg total sales increase 50 pc in July
Kolkata: Tata Engineering has reported total sales of 1,7608 vehicles in the domestic market in July, an increase of 50 per cent over the corresponding period last year and 4.5 per cent over June 2002 sales.
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Job outlook to remain sombre, says FICCI survey
New Delhi: The Federation of Indian Chambers of Commerce and Industry's Business Confidence Survey of July 2002 shows that the outlook for employment is likely to remain sombre.
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Orchids' home furnishing exports to US double
New Delhi: Demand for home furnishings in the US got a real shot in the arm after the terrorist attack on September 11, with more and more people beginning to pay attention in decorating their home. Cashing in on this new-found interest, Orchids, has doubled it s export sales to the lucrative US markets.
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Bhushan Steel plans production unit in Africa
New Delhi: Bhushan Steel and Strips Ltd is planning to set up a manufacturing facility in Africa. The company has already established a presence in Africa by setting up a service centre for its products and is currently examining the market potential.
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GM appoints new dealer
Hyderabad: General Motors India has appointed KUN Automobiles as its new dealer in Hyderabad. With this, the company has three dealers and one authorised service outlet in the State taking the overall tally to 42 dealers and 26 outlets across the country.
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Encore to make Simputer in Singapore
New Delhi: Simputer, the indigenous, low-cost hand-held computing device, is going international even as it is gearing up for a domestic launch soon. Encore Software, one of the developers of Simputer, is set to manufacture the gadget in Singapore.
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