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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Xerox probe intensified; I-T Deptt seeks answers on parking money 
New Delhi: As part of investigations into the alleged bribery scandal of Xerox Modicorp, the income tax deptt has sent a detailed questionnaire to the company seeking clarifications on several issues including parking of money allegedly used for paying these bribes.
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IT firms in a fix over Esop expensing
The accounting treatment of stock options, which has seen some high-profile action in the US in the past few weeks, is now being quietly debated in Indian corporations.
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MNCs can divest without losing control
Mumbai: Foreign promoters of companies such as Coca-Cola that have committed to divest equity in the domestic market as a condition for entering India can fulfil this promise without loss of control.
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HLL puts Lakme facility in Chembur on the block
Mumbai: Corporates are going the whole hog to sell their real estate. And the oversupply seems to further worsen the realty market. The latest to join the race is HLL, which has put up two of its properties one each in Mumbai and Chennai for sale. 
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'India's fast becoming a key R&D centre'
New Delhi: J Michael lawrie heads IBM's $80-billion sales & distributions operations worldwide. And he thinks that India is fast becoming one of the key research centres for the Big Blue globally. 
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Nalco bidders must have $300 mn net worth
New Delhi: The strategic sale of Nalco will have a stringent condition of a minimum net worth of the bidder to be at $300 million, the highest so far in the disinvestment process. 
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BPO firm want wider risk cover for exposure in US
Mumbai: The New Economy is demanding new covers. Firms specialising in business process outsourcing are finding themselves exposed to risks that traditional manufacturing and services companies never experienced. 
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Wipro's acquiring gaze turns homewards now
Bangalore: Having scanned the US horizon for a consulting buy without fruition, Wipro Technologies, the IT services arm of Wipro, is looking at Indian IT services space for potential acquisition. 
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Low-cost carriers take the profits
Mumbai: US Airways' Chapter 11 filing, is another sign of failure of the conventional model being followed by the airline industry for over four decades.
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Now, cell firms fight competition from within
Mumbai: With most of the national brands in the cellular service industry spreading their operations across the country, the COOs and CEOs of the 22 cellular circles are facing a new challenge competition from within their company. 
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British Gas in talks to bid for Nelp blocks 
New Delhi: British Gas is likely to bid for the deep water oil and gas blocks for the third round of blocks under the New Exploration Licensing Policy. 
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HLL shareholders okay bonus debenture scheme 
Mumbai: The shareholders of Hindustan Lever Ltd have, by an overwhelming majority, approved the companys revised bonus debenture scheme at the Bombay High Court-convened meeting on Friday. 
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SRL Ranbaxy to set up reference labs, seeks USFDA approval 
Mumbai: After a successfull turnaround in its financial performance last year, SRL Ranbaxy plans to set up 28 new clinical reference laboratories over the next 2-3 years. 
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Glaxo to sell Meghdoot Chem stake to Maneesh Pharma 
Mumbai: GlaxoSmithKline Pharmaceuticals Ltd has agreed to sell its entire shareholding (including the shares held by its nominees) in Meghdoot Chemicals Ltd to Maneesh Pharmaceuticals Pvt Ltd. Full story 
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'26 Tata group firms return on net worth declines last financial year 
Mumbai: The return on net worth of 26 Tata group companies decreased during 2001-02 over the previous year, indicating a decline in the efficiency of generating higher shareholder value. 
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SRF Poly to seek nod for commission to directors
Mumbai: The Rs 140-crore SRF Polymers Ltd is to seek shareholders nod on August 21 for payment of commission to the directors of the company for a period of five financial years commencing from April 1, 2002. 
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Sardas to make open offer for BSL at Rs 80
Mumbai: The Sardas have applied to the Securities & Exchange Board of India (SEBI) for making an open offer to the shareholders of BSL Ltd for acquiring 30 per cent stake in that company. 
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Electrolux to patent `washy talky' tech
Bangalore: Electrolux Kelvinator Ltd part of the $14- billion Electrolux group, has applied for a patent for its latest "washy talky" technology. The technology works on an interactive voice response system, which guides the user of the washing machine.
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Crisil reaffirms L&T NCD issue rating
Mumbai: Crisil has reaffirmed the AA plus rating assigned to 14 different non-convertible debenture issues of Larsen & Toubro, amounting to Rs 2,478 crore. 
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Work begins for GM's Panther launch in '03
Bangalore: Car manufacturer General Motors India has zeroed in on its next offering for the Indian market, the popular MUV Panther from the Isuzu stable for a December 2003 launch. T
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Arvind expects to post 10 pc growth in turnover
Mumbai: Arvind Mills Ltd expects a 10 per cent growth in turnover in the current fiscal. The company had reported a turnover of Rs 363 crore in year ended March 2002. 
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CEO remuneration I : The burning issue
Any discussion on compensation in organisations has always generated considerable heat. Not only because of the unfulfilled desire for money, but also for the existence of differential pay in organisations.
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Industrial production up 4 pc in Q1
New Delhi: Even as the economy grapples with the prospects of an impending drought - possibly the worst in the last three decades - there is continued benign news flowing on the industrial front. 
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VSNL: Making it ring the Tata tone
Mumbai: Is Videsh Sanchar Nigam Ltd an international long-distance service provider or Internet service provider? It may sound strange, but the country's leading ILD operator, having a near monopoly over the market, is facing an identity crisis. 
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