M&M to beat slump with genset engines 
Mumbai: Mahindra & Mahindra, the countrys largest tractor manufacturer, has started selling engines for generator sets leveraging its business expertise in the tractor business. 
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IHCL plans select acquisitions of international hotels, brands  
New Delhi: Indian Hotels Company Ltd now has a focused growth-by-acquisition plan, wherein the company is following an asset-light strategy. 
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McDowell ties up With US, Aussie, French firms for bulk wine import 
New Delhi: Sensing opportunities in the bulk import of wine, UB Group company McDowell & Co Ltd has tied up with three wine majors - Wente Wines of California, Sandalford of Australia and Borie-Manoux of France. 
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Maruti hikes export target for 2002-03 by over 50% 
New Delhi: Buoyed by the success of its premium small car Alto VX in the overseas market, Indias largest car-maker Maruti Udyog has scaled up its export target by over 50 per cent for this fiscal. 
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Daewoo India, Honda Siel, HM to benefit from removal of export obligation 
New Delhi: Daewoo Motors, Honda Siel Cars and Hindustan Motors will benefit from the recent liberalisation of export commitments by the government, even as automakers like General Motors, Ford and Daimler-Chrysler said they have already fulfilled their export obligations 
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War-struck IT firms find safe havens overseas
Bangalore: Responding to fears of foreign clients of a future war with Pakistan, Indian software companies are scouting for foreign locations to set up disaster recovery centres. This will enable their operations to continue even if their Indian facilities are bombed. 
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Heyday for luxury cars on new entrants
A Majestic Mercedes S-320, a sleek Ford Mondeo or a suave Hyundai Sonata cruising past is a source of envy for most of us. Luxury car sales are one indicator of the state of the economy and, more specifically, of the affluent class. 
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Enron: HSBC takes Rs 167-cr hit
Mumbai: Hong Kong and Shanghai Banking Corporation India has disclosed to the Reserve Bank of India that Enron India has defaulted on a Rs 166.7-crore loan extended by the bank.
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Tisco, Pechiney may tie up for Nalco bid 
Mumbai: Domestic steel giant Tata Steel is in exploratory talks with French giant Pechiney for its proposed bid for Nalco, the state-owned aluminium company currently on the block
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Iffco, Kribhco in talks to buy 10% each in Hazira
New Delhi: Leading fertiliser co-operatives Iffco and Kribhco are in talks to pick up 10% stake each in Shells proposed Hazira LNG project.
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Bacardi breezes in pre-mix beverage segment
New Delhi: Bacardi Martini India is foraying into the ready-to drink alcoholic beverage segment with the launch of Bacardi Breezer in Goa in the next few days. 
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Sterlite's India Foils sells prime property for Rs 5cr
Kolkata: India Foils Limited of Sterlite, has sold Namdang House to Simplex Concrete Piles India Limited for Rs 5 crore.
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Jindals to be lone bidder as Tisco-Arcelor plans to opt out
Kolkata: The race for Salem Steel Plant may turn into a one-horse race. Tata Steel-Arcelor combine is now not too keen to go ahead with an aggressive price bid for SSP, leaving only the Jindals in the race.
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Tata group mulls TISl meger with VSNL
Mumbai: The Tata Group is evaluating an option for the merger of Tata Internet Services Ltd., with its recently acquired ISP VSNL but no decision on the same has been taken, a statement from TISL in response to a report in these columns on the company putting the Tata Nova brand on the phase out mode, said.
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CLP PowerGen to buy out 12% of JV partner
Mumbai: CLP PowerGen India, a joint venture company floated by China Light and Power of Hong Kong and PowerGen of the UK, is in the process of buying the remaining 12% stake from PowerGen, thus making the 655-mega watt Paguthan power project wholly-owned.
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TVS Motor to spend Rs 350 cr on new products
Mumbai: TVS Motor Co has lined up capital expenditure of Rs 350 crore over the next two years, which will be used for new products, capacity expansions, R&D infrastructure and information technology. 
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Lupin in talks with MNCs for NDDS products
Mumbai: The Mumbai-based drug company, Lupin Ltd, is in talks with large multinational pharma companies to license out its novel drug delivery system (NDDS) products. 
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BILT board meet on VRS tomorrow 
New Delhi: The board of directors of Ballarpur Industries Ltd is to meet on August 27 to consider for approval a voluntary retirement scheme for what the management terms as "retentive workers" at unit Shree Gopal in Yamunanagar, Haryana. 
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TRAI not keen to mediate in VSNL- BSNL dispute
New Delhi: THE Telecom Regulatory Authority of India (TRAI) has decided not to rush in to resolve the conflict between Videsh Sanchar Nigam Ltd (VSNL), and public sector telecom major Bharat Sanchar Nigam Ltd (BSNL) on interconnection charges, until it is requested to do so by both the parties concerned. 
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HPCL to tie up with Ford, Hyundai for service centres
Chennai: Hindustan Petroleum Corporation Ltd (HPCL) is in the process of tying up an agreement with Hyundai and Ford under which the car manufacturers would have their authorised service centres in some of the retail outlets of HPCL. 
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BG India plans extension of broadband venture
Mumbai: British Broadband India Pvt Ltd, British Gas's (BG) maiden international broadband venture, plans to extend its reach by another 130 km to Vadodara from Surat by September. The service, which was launched in November 2001 under the brand name name Iqara Broadband in Surat.
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Samsung eyes big slice in fridge segment
New Delhi: Not to be left behind in the race Samsung India Electronics Ltd is all geared to strengthen its market share in both direct cool (DC) and frost-free (FF) categories of the refrigerator segment. 
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