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Nirma
downs shutters in Dhaka
New Delhi: Detergent major Nirma Ltd has suspended
its operation in Bangladesh due to low sales volume. The
company used to manufacture and sell its products in Bangladeshi
market through a joint venture called Commerce Overseas
Ltd.
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Telco
working Oo CRDI engine for diesel models
Mumbai: Tata Engineering and Locomotive Company
Ltd is working on a common rail direct injection engine
for all its diesel models.
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BILT
Chem renamed Solaris, targets Rs 500-crore sales
New Delhi: BILT Chemicals, part of the Rs 1500
crore Ballarpur Industries has rechistened itself and
has unveiled its new corporate identity - Solaris ChemTech
Limited.
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Gufic
taps Maharashtra for bixa seeds supply
Mumbai: Gufic BioSciences is holding talks with
the Maharashtra government to supply Bixa saplings developed
from tissue culture for around 100 acres.
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Open
IT: Govt to rewrite source code in Linux
Mumbai: If the Chinese have IT, get it. The Indian
government is planning a countrywide drive to promote
the open source operating system, Linux, as the 'platform
of choice' instead of 'proprietary' solutions.
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Software
sector earnings may rise
Mumbai: The country's top software exporters are
expected to show a rise in earnings when they begin unveiling
quarterly results this week, as growing outsourcing business
helps them buck a global trend, analysts said on Tuesday.
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From
hero to insurers nightmare
Mumbai: Non-life insurers are a harried lot these
days. Thanks to the high court order requiring Khan to
cough up Rs 10 lakh to relatives of the deceased accident
victim.
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UTV
acquires Western Outdoor to create post-production giant
Mumbai: United Television has acquired the 30-year-old
post-production major Western Outdoor Advertising promoted
by Suresh Nanavati in a debt transfer-cum-equity deal.
Western Outdoor will be merged with UTV’s post-production
division United Studios and the new, bolstered post-production
division is to be rechristened USL-WOA.
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No
decision yet on LPG marketing by ONGC, GAIL
New Delhi: The Union Petroleum ministry is yet
to take a final decision on whether it would grant LPG
marketing rights to Oil and Natural Gas Corporation and
GAIL India. Petroleum Minister Ram Naik on Tuesday held
a meeting with representatives of these two companies
and the downstream companies, which are currently marketing
LPG under the public distribution system.
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MUL
rejects Tatas' CR steel for car outer body
New Delhi: Maruti Udyog has rejected Tata Steel’s
auto body cold-rolled steel during initial trials. MUL
has decided to continue importing outer body CR sheets
and partly convert imported hot-rolled coils to auto body
CR from Japanese and South Korean steel-makers.
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Nirma
in deal to make & market P&G's Camay
Mumbai: FMCG major Nirma is taking on arch rival
HLL in the premium soaps segment through an exclusive
agreement to produce and market the Camay brand, which
is owned by Procter & Gamble Home Products.
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Solaris
Chemtech looks at Europe for acquisitions
New Delhi: Solaris Chemtech, formerly Bilt Chemicals,
is looking at acquisitions in Europe to expand its bromine-related
fine chemicals business, which is a key input for the
pharmaceutical industry.
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Telco
lines up launches of new cars, variants
Mumbai: It'll rain launches between now and March
for truck and car-maker Tata Engineering. The company
is planning to introduce its long-awaited sedan, the Indigo,
in 85 bhp petrol and 62 bhp turbo diesel variants by the
end of the month.
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Lee
Cooper all set to unveil watches
New Delhi: The US apparels major Lee Cooper is
all set to launch its range of watches and stationery
in the country under the Lee Cooper brandname. The US
major’s Indian licencee Indus Clothing is in talks
with a number of companies to form a joint venture to
assemble, distribute and market watches in the country.
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Indiatimes
to market life insurance
Mumbai: ICICI Prudential Life Insurance Company
on Tuesday announced its strategic distribution tie-up
with the leading portal, Indiatimes.com. Under the arrangement,
Indiatimes will hold a series of online activities and
create properties that will help increase awareness about
life insurance in general and ICICI Prudential products
in particular amongst netizens.
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Reliance
Infocomm doubles staff to 5,000 in 2 months
Mumbai: Reliance Infocomm has doubled its total
employee strength to almost 5,000 people over the last
two months. The company has hired around 2500 people,
ranging from senior management executives to field engineers,
during the August-September period.
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Satyam
will support Microsoft solution
Chennai: Satyam Computer Services Ltd has announced
its support for the new Microsoft Solution for UNIX Migration,
which will assist enterprise customers who wish to migrate
from UNIX To Windows.
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Cross-connections
at VSNL
Mumbai: The dispute between telecom giants- the
long distance calls major, VSNL, and the domestic operator,
BSNL- over call charges and revenues has cast a shadow
over the disinvestment process. Their sparring has resulted
in a face-off between Mr Ratan Tata, Chairman of the country's
best-known industrial group, and Mr Pramod Mahajan, Communications
Minister. G. Rambabu untangles the crossed wires.
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VSNL-BSNL
dispute - Data Access opposes TRAI intervention
Data Access (India) Ltd, the new entrant in international
telephony, has objected to the Telecom Regulatory Authority
of India (TRAI) intervening in the ongoing dispute between
Videsh Sanchar Nigam Ltd (VSNL) and Bharat Sanchar Nigam
Ltd (BSNL) over how they share the revenue.
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Delta
ties up with Wipro arm for ticketing
Mumbai: Delta Airlines has selected Spectramind
eServices Pvt Ltd, a subsidiary of Wipro, as one of the
two vendors to handle select customer reservation functions.
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Switching
Circuit, Thailand co sign pact
Hyderabad: Leonics Co. Ltd of Thailand and Switching
Circuit Pvt. Ltd, Kolkata, have signed a joint venture
agreement for the manufacture of modern switching equipment,
at the Technology Summit and Exhibition, which started
here yesterday.
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Bajaj
Auto sales likely to touch 1.5 m this fisc - CKD units
in Brazil, Indonesia on cards
Mumbai: Two and three-wheeler manufacturer Bajaj
Auto Ltd (BAL) is likely to touch the 1.5 million mark
in sales in the current fiscal, its highest-ever till
date, according to Rahul Bajaj, Chairman and Managing
Director.
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Indica
sales up 33 pc in September - Tata Engg to roll out new
models
Mumbai: Tata Engineering yesterday said sales of
its Indica hatchback increased by 33 per cent in September
to 7,208 units as compared with the same month a year
ago.
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