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Taking
IT to the masses: Microsoft, RIL to announce plans on
Dec 28
Mumbai: Reliance Industries and Microsoft seem
to have chalked out some plans for collaboration during
Microsoft Chief Bill Gates’ visit to Mumbai on Wednesday.
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Maharashtra
seeks Gates’ support for e-governance architecture
Mumbai: The Maharashtra government on Wednesday
sought partnership with the software behemoth Microsoft
in evolving a framework for creating an E-governance application
architecture in integrating various departmental applications
alike latter’s association with the UK government.
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Child
rebellion rocks Chhabria empire
Kolkata: Fissures have surfaced in the family of
late Manu Chhabria, who died seven months back and left
behind a clutch of disparate businesses from tyre to liquor.
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Honda
sells 72,879 Activas in Apr-Oct '02
New Delhi: Players in the ungeared scooter category
may be finding the going tough, with falling sales and
reduced market shares. But Honda Motorcycle and Scooter
India (HMSI) claims to have expanded the mid-size scooter
market with its 102 cc Activa.
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Grasim
joins Lafarge, Zuari in race to bag Raasi, Visaka
Mumbai: The AV Birla group cement company, Grasim
Industries is once again on the prowl. The cement major
has joined the race to acquire Raasi Cement and Visaka
Cement, both of which are controlled by India Cements.
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Apollo
to spend Rs 1,500 cr to double bed capacity
Chennai: Apollo Hospital Group has created a vision
to double its bed capacity in the next three years. By
'05, the number should rise from 5,600 at present to 10,000.
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MBT
bets big on Europe to grow non-BT business
Mumbai: Mahindra British Telecom (MBT), the telecom
software joint venture between the Mahindra group and
British Telecom (BT), has drawn up an aggressive growth
strategy for the European market, in a bid to shore up
its non-BT business.
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Reliance
Infocomm to buy 50,000 PCs from IBM
Mumbai: IBM is close to winning a contract to supply
50,000 personal computers (PC) to Reliance Infocomm, according
to sources familiar with the development. The Reliance
group's new economy arm has issued a letter of intent
(LOI) to IBM to supply 50,000 PCs.
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Itochu's
Chem plans greater India focus
New Delhi: Chem Resources Trading, an affiliate
of the multi-billion dollar Japanese trading major Itochu
Corporation, is planning to expand the scope of its activities
in the Indian market and take up wholesale selling of
imported goods to industrial customers.
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Stollberg
to invest in steel sector here
New Delhi: Stollberg GmbH, a subsidiary of DM 12bn
Degussa-SKW Metallurgie speciality chemical and polymer
combine, is looking at major investment opportunities
in the Indian steel sector.
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TCL
plans Rs 100-cr re-entry splash
New Delhi: Chinese electronics brand TCL is planning
to put in about Rs 100 cr in the first year of relaunch
in India. The money will go towards setting up the retail
and distribution infrastructure in the country.
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ONGC
to argue against heavy dividend payout
New Delhi: Oil and Natural Gas Corporation will
be shortly making a presentation before top Finance Ministry
officials to outline its investment plans in the short
term.
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Indo
Rama hikes output with capacity expansion
New Delhi: One of the major polyester producers
in the country, Indo Rama Synthetics (I) Ltd, has increased
its production capacities in several product categories.
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Auditors
qualify H1 results of Hyderabad Industries
Hyderabad: While qualifying the accounts of Hyderabad
Industries Ltd for the first-half of the current fiscal
ended September 30, 2002, the company auditors pointed
out that some of the accounting methods adopted were not
in tune with the guidelines of the of the Institute of
Chartered Accountants of India (ICAI), showing thereby
increase in profit, reserves and surplus during the half-year.
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MMA
award for Hero chief
Chennai: The Madras Management Association (MMA)
has selected Brij Mohan Lall Munjal, Chairman, Hero group,
for the MMA Business Leadership Award this year, according
to A. Satish Kumar, President, MMA.
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BMW
scientific award contest
Bangalore: The BMW Group has called for applications
for its seventh Scientific Award competition. The theme
for the competition this year is "Passion for Innovation".
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Coke
seeks to uncork Rs 803 crore
New Delhi: Hindustan Coca-Cola Holdings Private
Ltd (HCCHPL), the holding company for Coca-Cola's bottling
operations in India, has sought the approval of the Government
for a massive capital restructuring of its bottling operations.
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Baxter's
Haryana unit goes on stream
Chandigarh: Mediacal devices company, Baxter India,
on Wednesday formally commenced operations at its Manesar
plant, Haryana. A wholly-owned subsidiary of global healthcare
company, Baxter International Inc, the plant was set up
at a project cost of Rs 36 crore.
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