Expert committee to review Mahanagar Gas pricing policy
New Delhi: The Ministry of Petroleum and Natural Gas has set up an expert committee under the joint secretary Ministry of Petroleum Vijay Raghavan to review the pricing of gas supplied to the consumers by Mahanagar Gas Ltd.
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ONGC may give govt Rs 10,000-cr special div
New Delhi: In a move reminiscent of the interim dividend announced by VSNL last year which made the government richer by Rs 2,250 crore, ONGC is now poised to fork out an even bigger amount by announcing a special dividend.
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Alliance Capital may shut shop
Mumbai: Alliance Capital Management is said to to be evalutuing its business in key emerging markets in India.
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Maharashtra taps Gujarat on inter-state transport
Mumbai: The government of Maharashtra has initiated a dialogue with the Gujarat government to explore the potential for inter-state passenger and cargo transport between Mumbai-Surat-Bhavnagar through the sea coast.
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New models, variants drive up passenger car sales 7% in January-October
Bangalore: The entry of new cars and more variants appears to have pepped up the passenger car market, making it grow by 7% in the January-October period over the corresponding period last year. While the compact car segment led by the likes of Hyundai Santro and Tata Indica have shown a 14% growth, the mid-size cars are sticking to a single digit rise.
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Novell to beef up product profile, to acquire IT company
Mumbai: US networking software major Novell is planning to acquire a product or application software company in India. The areas identified by the company are banking applications, identity application management, CRM practices and component developers in the Web services area.
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Birla Home looks at institutions to expand portfolio
Ahmedabad: Increasing competition in housing finance sector has forced Birla Home Finance to foray into financing of non-housing segments in the construction industry for expanding its loan portfolio.
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S&N (I) to invest Rs 390 cr in UB arm, McDowell
Ahmedabad: The European brewer Scottish and Newcastle (S&N) is planning to invest Rs 390 crore in the form of equity shares and preference shares in UB group's UB Beer and McDowell Alcobev.
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Fortis to set up second specialty unit at Noida
New Delhi: Delhi-based Fortis Healthcare has finalised an agreement to set up its second super speciality hospital which will be located at Noida and will specialise in neurology, orthopaedics and gastro-enterology.
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Kinetic group hits southern avenue in H1
Pune: Kinetic group companies, Kinetic Engineering (KEL) and Kinetic Motor Company (KMCL), recorded net losses during the first half of the current fiscal. While KEL had losses in both quarters, KMCL improved its performance in the second quarter by coming back into the black, despite a first quarter
loss.
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Invensys to develop India into R&D hub
Hyderabad: The $11bn IT major, Invensys, is developing India into one of its major R&D centres in the world. One of the manufacturing sector's biggest software makers, Invensys will now offer product development as well as technical support service from the Hyderabad development centre of its subsidiary, Baan.
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Kala Jyothi to invest Rs 20 cr
Hyderabad: Kala Jyothi Process Ltd, the city-based printing solutions provider, has embarked on an expansion-cum diversification process with an outlay of Rs 20 crore.
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Apollo unveils new range of tyres
New Delhi: Apollo Tyres Ltd (ATL), the Rs 1,700-crore tyre company, on Monday launched its new range of tyres across various segments. The new products are targeted at opening up newer customer segments for the company.
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Tata Robbins unit bags Birla Copper jetty crane deal
Kolkata: The port & yard equipment division of Tata Robbins Fraser Ltd (TRF) has secured the order for supplying a large capacity slewing unloader crane for Birla Copper's jetty at Dahej (Gujarat) in the face of stiff international competition.
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Orchid flagship product clears US FDA audit
Chennai: Orchid Chemicals & Pharmaceuticals Ltd has said that its flagship product, Cephalexin, which is manufactured in its Alathur bulk drug facility, has gone through the US FDA audit successfully.
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3,000 Telcon excavators delivered
Hyderbad: Telcon, a Tata-Hitachi Joint Venture manufacturing earth moving and construction equipment has reached a milestone of delivering 3,000 mini excavators, a good number of them in Andhra Pradesh.
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HC bars Indya.com's online info services
Mumbai: The Bombay High Court has restrained STAR Group's Indya.com from providing information-related services and yellow pages on the Internet following a petition from the Pune-based yellow pages publisher Indiacom Ltd, formerly known as Sesa Yellow Pages.
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MICO to buy Philips units
Bangalore: Motor Industries Co Ltd (MICO) yesterday announced that it has decided to purchase the business communication products and closed circuit television (CCTV) products from Philips India Ltd, a subsidiary of Koninklijke Philips Electronics N.V.,Netherlands, for a consideration of Rs 4 crore.
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J.L. Morison to bring in more healthcare products
Kolkata: Personal care and healthcare products major J.L. Morison (India) Ltd has targeted a turnover of Rs 80 crore in the current fiscal, up from Rs 60 crore recorded in 2001-2002.
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Hero Honda's `Ambition' exceeds target
New Delhi: Hero Honda Motors Ltd, India's largest two-wheeler maker, has said that it has sold 10,000 units of its latest bike, Ambition, surpassing internal projections.
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Tata Engg sales up 34.6% in Oct
Mumbai: Tata Engineering yesterday reported a 34.6 per cent rise in the total number of vehicles it sold in October 2002, to 18,837 units, as against 13,996 units in the previous corresponding period.
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