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VSNL
interconnect row: Advani meet fails
Mumbai: The Tatas-controlled Videsh Sanchar Nigam
has managed to bag another week’s reprieve on the
interconnect issue since the meeting between deputy pm
LK Advani, communications and IT minister Pramod Mahajan
and finance minister Jaswant Singh held early Sunday failed
to arrive at a consensus.
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Reliance
to securitise oil earnings for Rs 1,500 cr
Mumbai: Reliance Industries has approached the
Life Insurance Corporation for mopping up close to Rs
1,500 crore through a securitisation deal.
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TelecomFDI
may stay at 49%
New Delhi: The move to raise the FDI cap in basic
and cellular mobile services from 49 per cent per cent
to 74 per cent is likely to be stalled for the time being.
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Mohali's
silicon dream fails to connect
New Delhi: Once billed as North India's response
to Bangalore, Mohali's silicon dream refuses to connect
even four years after being set up.
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Shampoomarket
grows, Bbt HLL Fails to catch up
Mumbai: In a peculiar trend, the market leader
has lost share in a growing market. Fast-moving consumer
goods major Hindustan Lever Ltd continues to lose share
in the shampoo market which has been growing at the rate
of 10 per cent in volume.
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BOCmulls
entry into new refrigerant gases
New Delhi: Industrial gases major BOC India Ltd
aims to add new-generation refrigerant gases to its portfolio,
as their demand is expected to surge following the phasing
out of the chlorofluorocarbons used so far by the industry.
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D-E
ratioOo 42 IT firms dips in ’01-02
Mumbai: The debt-to-equity (D-E) help us measure
the extent to which an IT company uses borrowed money.
It is simply obtained by dividing the total debt (total
of secured and unsecured loan funds) of the IT company
by its shareholders equity (networth).
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ZydusCadila
to unveil typhoid vaccine in March 2003
Mumbai: Zydus Cadila is all set to launch its typhoid
vaccine in March 2003, following the commissioning of
its typhoid vaccine manufacturing project.
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Closed
up: HLL pulls out of Zee Antakshari sponsorship
Mumbai: The Indian television industry’s longest
sponsorship deal has fallen through. Zee TV and Hindustan
Lever Ltd (HLL) have ended their 10-year-old partnership,
with the channel selling sponsorship rights of its long-running
property Close-Up Antakshari to Sansui.
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Canbank
IPO to hit mkt on Nov 18
Mumbai: The much-awaited initial public offering
of Bangalore-based Canara Bank is scheduled for November
18 and would be open till November 27, according to Mr
K V Hegde, general manager of the bank.
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Consumer
durable firms take a knock on SEs
Mumbai: Consumer durable companies might be expecting
buoyant sales in the forthcoming festival season but on
the bourses, investors have given a thumbs down to their
stocks.
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Nirma
tests waters with toothpaste, shampoo
Mumbai: The Rs 2,500-crore soaps and detergents
major Nirma is eyeing alternative growth avenues to reduce
its dependence on the stagnating and highly competitive
soaps and detergents market.
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ONGC
purchase of Birla's MRPL stake hangs in fire
Mumbai: A minor hiccup may delay the Oil and Natural
Gas Corporation’s acquisition of the Aditya Birla
Group’s stake in Mangalore Refineries and Petrochemicals.
The upstream oil company may now have to go to the public
investment board for approval of the deal.
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ITES
segment set to get new realty check
Bangalore: In the next 8-12 months, domestic demand
for space from IT-enabled services will be in excess of
1.2-1.4m sq ft. According to Anurag Munshi, associate
director capital markets group, Jones Lang LaSalle India,
the demand is mainly driven by business processing facilities
including contact centres.
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BPL
lines up new promos for TVs, refrigerators
Kolkata: White goods major BPL has lined up several
initiatives and promotional schemes to push sale of TVs,
refrigerators and washing machines this festive season.
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Sun
Micro charts customer support business in India
Bangalore: India, which has been seen largely as
a software development hub for Sun Microsystems, may now
also be asked to handle an equally crucial customer support
business.
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Hero
attempts to buy CNG tech
Bangalore: The Hero Design Group is gearing up
to virtually introduce the Gen-X range of two-wheelers
in a few years for which it is planning to buy technology
for CNG/hydrogen fuelled moto-scooters.
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Adhikari
Bros allots shares to core promoters
Mumbai: Sri Adhikari Brothers Television Network
Ltd has informed the BSE that its board has allotted 1,61,000
shares to core promoters, Markand Adhikari and Gautam
Adhikari _ 80,500 shares each. The shares were of Rs 10
each, at a premium of Rs 153 per share.
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E&Y
awards to be announced on Oct 10
Mumbai: As many as 19 top business leaders have
been shortlisted as finalists for this year's Ernst &
Young Entrepreneur of The Year awards by a six-member
panel of judges chaired by Rahul Bajaj, Chairman of Bajaj
Auto Ltd.
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Transfer
of unclaimed moneys to investor fund - DCA warns defaulter-cos
New Delhi: Companies, which have not been transferring
their "unpaid dividend" and "other unclaimed
amount" to the Investor Education & Protection
Fund (IE&PF) will soon be targeted by the Department
of Company Affairs (DCA).
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ICSI
guidance notes on board of directors' meet
New Delhi: To facilitate the corporates to comply
with the `Secretarial standards on meetings of the board
of directors' and `Passing of resolution by postal ballots',
the Institute of Company Secretaries of India (ICSI) has
decided to simultaneously evolve `Guidance Notes' on the
secretarial standards.
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Tata
Elxsi plans to tap virtual reality space
Bangalore: Tata Elxsi expects the automotive industry
in India to take leadership in deploying VR in their design
and engineering process.
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