Apollo drops MRL plans
New Delhi: Apollo Tyres has dropped plans of a tie-up for contract manufacture of tyres at the Modi Rubber Ltd facility for which the two companies had signed a memorandum of understanding in August.
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Philips (I) to unveil Wearable range
Mumbai: Consumer electronics major Philips India Ltd will soon bring to India a wearable electronics range co-branded with US footwear and sports accessories maker Nike.
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Ranbaxy labs to hit OTC market by September-end
Mumbai: Ranbaxy Laboratories will hit the over-the-counter products market by the end of this month. The all-India launch will be done through a separate business division, Ranbaxy Consumer Healthcare, which will market a number of over-the-counter products including a number of herbal and nutraceutical products.
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3 more A-I flights to Frankfurt from December
New Delhi: As part of Air-Indias expansion plans, three new flights will be introduced between Delhi, Mumbai and Frankfurt from December this year as the Indian national carrier looks at possibility of suitable arrangements with Air Canada for providing convenient connectivity between India and Canada.
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Apollo set to double bed capacity by 04
Chennai: Apollo Hospital Enterprises Ltd is aiming to manage 10,000 beds by the end year 2004. It currently manages about 5,100 beds.
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Record deals in private equity
Mumbai: Private equity investors concluded more big-ticket deals in the first eight months of 2002 in India than anytime in the past few years. This was largely on the back of new opportunities being thrown up which helped overcome doubts about a slowing economy and wariness induced by the dotcom crash.
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HLL pushes institutional sales to expand mkt
Mumbai: Leading FMCG player, Hindustan Lever, has kicked off institutional sales on a significant scale for its popular foods business, in a move to expand the market and drum up bigger volumes.
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Titan plans to outsource & market accessories
Bangalore: The Rs 700-crore Titan Industries Limited is planning to outsource and market accessories under its Titan brand to compliment its watch range.
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English knight for German supermkt
New Delhi: The defunct supermarket chain Nanz will get a fresh lease of life soon. UK-based investment company Wholemart Ltd has bought out the 66.67% stake held by the company Nanz AG of Germany in NanzFood products Limited while the other joint venture partner, Escorts group company Goetze, has sold its 33% shares to high networth individuals. Nanz in its new form will open shutters by the year end in South Delhi.
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Kinetic cedes No.1 slot to Honda
Mumbai: The 75cc to 125cc scooter market has seen some full-throttle change in the past one year with market leader Kinetic losing out to newcomer Honda Motorcycle & Scooter India.
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Bayer on expansion spree: Entering paper chem biz
New Delhi: Bayer is expanding its chemicals business in India by getting into manufacturing of paper chemicals through Bayer Speciality Products.
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Parent co on look out for drug unit partner
New Delhi: Bayer AG CEO Werner Wenning says he is working with all vigour to find a junior partner for his firms ailing drugs unit but analysts say he faces a superhuman task to convince the few credible candidates.
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Preity to ZipDrive Santro, Automatically
Bangalore: Into the cloistered world of men and their mean machines steps in a woman finally. Preity Zinta, the bubbly Bollywood beauty will have the singular honour of becoming the first woman to endorse a car in the country.
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Get ready for Astra screen show
New Delhi: Wanna catch a movie in a car James Bond style? Help is at hand, courtesy General Motors. The worlds biggest automaker is introducing a limited edition series Opel Astra Club to offer an exclusive band of 50 to 100 customers in India a special ride, at a lesser price.
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ITC Infotech may invest in ITES
Kolkata: ITC Infotech India Ltd, the wholly-owned subsidiary of ITC, is considering a huge splash into IT-enabled services.
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Gail, HPL to ink production & marketing deal
New Delhi: Gas Authority of India will be inking a swap marketing and production agreement with Haldia Petrochemicals by first week of October.
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India good place for clinical trials'
New Delhi: The healthcare industry can look forward to good times ahead with prospects opening up in terms of gene mapping, gene therapy and bio-technology and India can play a significant role in this, according to Hocine Sidi Said, Managing Director, Pfizer India Ltd.
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BPL Engineering shuts down `service division'
Hyderabad: In a significant move, BPL Engineering Ltd, the Rs 148-crore manufacturer of various components, has  decided to shut down the operations of its `service division'.
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BILT suspends operations at Orissa unit
New Delhi: A committee of Directors of Ballarpur Industries Ltd yesterday decided to suspend operations at Unit Choudwar (Orissa) with immediate effect. This unit is one of the five units of the company.
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Tata Chem to bolster marketing network
Kolkata: The Rs 1500-crore Tata Chemicals Ltd proposes to expand and integrate its marketing network in rural and urban areas, besides taking up brownfield and greenfield projects as the company's long-term growth strategies.
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Swaraj Mazda to roll out LPG version LCVs soon
Hyderabad: Swaraj Mazda Ltd, a joint venture between Punjab Tractors, Mazda Motor Corporation and Sumitomo Corporation of Japan, is working on the LPG version of its popular LCV (light commercial vehicle) range and is planning to roll them out in 3-4 months.
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Emcure launches anti-hypertensive in AP market
Hyderabad: Emcure Pharmaceuticals Ltd the Rs 350-crore Pune-based company, has announced the launch of S-Amlodipine, a novel anti-hypertensive, under the brand `Asomex' in the Andhra Pradesh market.
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BILT's Sewa mill to add capacity
Kolkata: The tight supply situation regarding writing and printing paper in the domestic market is likely to ease with additional production of this variety of paper from Ballarpur Industries Ltd's (BILT) Sewa paper mill in Orissa.
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Nagarjuna Agrichem pref allotment to group co
Hyderabad: Nagarjuna Agrichem Ltd proposes to issue 45.55 lakh equity shares of Rs 10 each on a preferential basis to Vijayalakshmi Insecticides and Pesticides Ltd (VIPL) at a price of Rs 16.15 per share, which is 25 per cent more than the Rs 12.90 per share determined in accordance to existing  Securities and Exchange Board of India guidelines relating to preferential issues.
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HPCL raises Rs 360 cr thru FCNR route
Mumbai: Hindustan Petroleum Corporation Ltd (HPCL) has raised close to Rs 360 crore through foreign currency non-resident borrowings. This is the first time that the PSU has gone in for foreign currency borrowing, according to company officials.
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ACC allots ESOP
Mumbai: Associated Cement Companies has informed the stock exchanges that 17,000 shares were allotted as stock options to employees under the Employees Stock Option plan 2000.
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Raymond buys 75 pc in ColorPlus for Rs 58 cr
Mumbai: Raymond Ltd yesterday acquired 75.1 per cent of the existing equity share capital of ColorPlus Fashion Pvt Ltd, makers of the ColorPlus clothes brand, for Rs 58 crore. The remaining share will be purchased after 42 months based on the future performance of ColorPlus.
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Philips, Samtel plan tie-up for CTV picture tubes
Kolkata: Philips India Ltd has initiated discussions with Samtel for a back-to-back arrangement whereby the former will offer technology support to the latter for manufacture of pin-free colour television picture tubes.
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Global operations to drive Asian Paints' sales
Mumbai: International operations of Asian Paints are expected to witness a five-fold increase in turnover to around Rs 500 crore over the next two years, primarily on account of the recent acquisitions overseas.
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Deepak Nitrite to step up exports
New Delhi: Deepak Nitrite Ltd a manufacturer of organic, inorganic and fine chemicals, plans to step up its export efforts in the coming years even while transforming itself from a product centric company to a process focused company.
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