BOC reopens Asansol unit, eyes buyouts in south, West
New Delhi: Industrial gases major BOC India Ltd on Friday announced the re-opening of its Asansol plant in West Bengal with a sharply-reduced workforce, following an amicable settlement with the unions mediated by the Left Front government.
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Mahindra institutes award for excellence in automotive design
Mumbai: The Mahindra & Mahindra Group has instituted the KC Mahindra Award to foster and reward innovation and excellence in automotive design among budding designers and engineers.
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Cairn commences gas sales from Lakshmi field in Gujarat
New Delhi: After delaying commercial production twice in the past three months, Cairn energy of UK on Friday announced commencement of gas sales from its Lakshmi gas field in Gujarat.
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Foreign investors keen to invest in Saugor port
Kolkata: Foreign investors are showing keen interest in investing in the proposed port at Saugor in West Bengal, according to Kolkata Port Trust chairman AK Chanda.
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New kids chip off their blocks
Mumbai: While Old Economy bosses like the Tatas and Birlas seem to be increasing stakes in their companies, most new economy CEOs, it seems, are not averse to reducing their holdings.
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Flow chart: RIL may alter pipeline
Mumbai: Reliance Industries' recent find of about 7 trillion cubic feet of gas reserves in the Krishna Godavari basin may well change the blueprint of its proposed pipeline network.
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LIC to pull out 4 more return plans
Mumbai: With interest rates falling to new lows after the October 29 monetary policy, the Life Insurance Corporation of India has decided to withdraw four of its assured return policies.
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It's raining investments in software services
Mumbai: Global spending on IT services is expected to register a strong growth between now and '06. According to IDC, which provides market research and consulting to hi-tech customers in IT and telecom, the growth would pick up momentum beyond '02 at a CAGR of 12.4%. By '06, IT spending on services will surpass $625bn.
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Bajaj Electric to relaunch Morphy brand in India
Mumbai: Bajaj Electricals (BEL) has entered into a strategic alliance with $1.2bn Glen Dimplex Group for introducing one of the leading small appliances brand of UK, Morphy Richards, in India.
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Tatas go to town, plan to set up tea parlours
Mumbai: The success of Barista may have spurred Tata Tea to think of tea parlours. The company is looking at the possibility of going in for tea parlours across the country.
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Max's tech unit Ateev lays off 60 employees
Mumbai: Max' IT division Ateev has gone in for major restructuring, laying off 60 employees in its software development business. It has now decided to concentrate on its medical transcription business, HealthScribe, besides its knowledge management division.
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Honda Siel to launch its sports vehicle CRV in '03
New Delhi: Honda Siel is working towards launching CRV, the first of its two CBU probables, in 'March-April '03'. According to company sources, the sports utility vehicle will be sent for homologation shortly. Civic, which is likely to be the other CBU model from the Honda stable, will see a later launch.
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Magic number: MTNL's capacity jumps 10-fold
Mumbai: Mahanagar Telephone Nigam's (MTNL) basic customers in Mumbai will have an eight digit telephone number instead of the current seven, with effect from 0000 IST on November 10, '02.
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Orange offers global roaming for pre-paid customers
Mumbai: Cellular operator Orange on Friday introduced international roaming facility for its pre-paid subscribers that allows them to receive calls and send or receive text messages (SMS) in countries where Orange has a roaming agreement with local operators.
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Children's policies catch the fancy of life insurers
Mumbai: Segment specific solutions seem to be catching on in life insurance business. And children's policies have caught the fancy of almost all life insurers. New private insurers are betting 20-30% of their premium coming from this category alone. Life Insurance Corporation (LIC) sensing this need is all prepared to launch its new children policy 'Komal Jeevan' shortly.
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Morphy Richards re-enters India - Launches premium appliances
New Delhi: The UK small appliances major Morphy Richards making its re-entry into the country launched its range of premium appliances here on Friday. The brand will be marketed and serviced by Bajaj Electricals Ltd (BEL).
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Colgate board to meet on Nov 15
Mumbai: Colgate-Palmolive (India) Ltd has informed the Bombay Stock Exchange that its board of directors will meet on November 15 to decide on the declaration of interim dividend for the year ending March 31, 2003.
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New range of Tata Safari launched
Mumbai: Tata Engineering yesterday announced the launch of a new range of its premium sports utility vehicle (SUV), the Tata Safari, for year 2003.
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Apollo Hospitals, Parkway venture takes off
Kolkata: The Rs 210-crore 50:50 hospital joint venture project between Apollo Hospitals Group and Singapore-based Parkway Group has finally taken off. The multi-speciality hospital located here yesterday announced that it would conduct its first open heart surgery on Saturday.
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Delta-T in talks for Praj stake
Mumbai: Delta-T Corporation, the global alcohol processing solutions major, is in talks with the Pune-based Praj Industries Ltd (Praj) for picking up equity stake in the latter.
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Shaw Wallace to increase capacity Launches `Vladivar' vodka
Kolkata: The breweries division of Shaw Wallace is in an expansion mode with plans to invest around Rs 100 crore. According to H N Nanani, Chief Operating Officer (India Operations), Jumbo World Holding India Ltd, the company will set up four breweries in the next few months.
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M&M plans two more Bolero variants
Hyderabad: Launching Bolero Sportz in the Andhra Pradesh market here today, the multi-utility vehicle (MUV) segment major Mahindra & Mahindra has announced that it plans to launch two more variants of its popular MUV Bolero early next year.
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