No funds for HPL till financial recast: Gail
New Delhi: Gail India on Monday said it would not invest in the beleaguered Haldia Petrochemicals Ltd till the promoters and lenders of the Kolkata-based company carry out financial restructuring.
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RIL, ONGC bag 9 oil blocks each
Mumbai: Reliance Industries and Oil and Natural Gas Corporation swept up the majority of the 23 oil exploration blocks awarded on Monday, a government spokesman said.
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Bhel receives IOC order for Panipat refinery package
Mumbai: Bharat Heavy Electricals Limited has bagged an order for a compressor and drive turbine package from Indian Oil Corporation for its expansion project at Panipat.
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Nestle plans to hike stake in Indian arm
New Delhi: Swiss food and beverages major Nestle SA will hike its stake in its local subsidiary to 63 per cent from the present 58 per cent, Nestle India chairman and managing director Carlos Donati said on Monday.
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Reliance WLL has cell firms fuming
Mumbai: Cellular operators are preparing to move the telecom dispute settlement appellate tribunal against Reliance's proposal to offer unlimited mobility using CDMA technology.
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Sony bags HBO, Zee-Turner gets CNBC
Mumbai: A major realignment is on among cable television channels. In a coup of sorts, Sony Entertainment Television has acquired the marketing and distribution rights of premium Hollywood movie channel, HBO.
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US consulting firm Marakon Associates plans to set up shop in India
New Delhi: Marakon Associates, a US-based strategy consulting firm is actively looking at setting up shop in India. The niche consulting firm that operates in the area of value-based management (or VBM as it is commonly known) has been talking to companies in India and will formally set up an office once a relationship is finalised.
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Advertisement agencies vie to get Close-up with Lever
Mumbai: The Close-up advertising account, which has been with J Walter Thompson (formerly HTA) for seven years, is up for grabs. Hindustan Lever has asked most of its 'club' agencies in India to pitch for its flagship toothpaste brand, the size of the account being valued at Rs 70 crore.
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LIC wants agents to 'think big', push full product range
Mumbai: Life Insurance Corporation (LIC) has just asked its over eight-lakh strong agents' force to think macro and change its selling strategies accordingly. Therefore, instead of concentrating only on a few mainline products, agents should henceforth offer the whole basket of policies available in order to win over a higher number of customers.
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Sify's future lies in overseas ops, says VentureTech
Chennai: Venturetech Solutions, which along with Softbank Asia Infrastructure Fund (Saif) invested $20m recently as fresh equity in Sify, believes the key part of the Internet major's future success lies outside India.
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ITC Hotels in talks to buy into mid-size properties
Kolkata: ITC Hotels is in talks with a handful of mid-segment hotels to pick up equity through its wholly-owned subsidiary Fortune Park Hotels (FPH). FPH already operates and manages nine mid-segment hotels across the country and plans are afoot to spread its wings to another 16 properties over the next two years.
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Wockhardt, Daiichi tie up for haemorrhage drug
Mumbai: Indian drugmaker Wockhardt has struck a pact with the $2.7-bn Japanese firm Daiichi Pharmaceutical Company to market the latter's haemorrhage drug in the country. This is the second Japanese company that Wockhardt has tied up with, the first being Eisai for a nerve disorder treatment last year.
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Turner to launch Cinemax in India
Mumbai: The AOL-Time Warner company, Turner, is likely to bring its English movie channel 'Cinemax' to India. Meanwhile, it is learnt that CNBC is switching from the 'One Alliance' to the Zee-Turner distribution platform.
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Bajaj Auto `willing' to sell stake to Kawasaki
Mumbai: Leading two-wheeler company, Bajaj Auto Ltd, is willing to sell a stake to its Japanese technical collaborator, Kawasaki Heavy Industries Ltd, but it is not sure whether its Japanese partner can afford to buy it.
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Electrolux may close down Hyderabad unit
New Delhi: The board of Electrolux Kelvinator Ltd (EKL), the white goods major, is scheduled to meet on Tuesday to consider closure of its compressor plant located at Sanathnagar in Hyderabad.
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Mumbai Centaur sale by Batra to Sahara in order, says Shourie
New Delhi: The sale of Centaur Hotel Airport Mumbai by Batra Hospitality Private Ltd (BHPL) to the Sahara India Group for Rs 115 crore in October was in order, according to the advice given by the legal advisors to the Government, the Union Disinvestment Minister Arun Shourie said here yesterday.
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NFCL staff protest delay in wage hike
Hyderabad: The employees of the Nagarjuna Fertilisers and Chemicals Ltd (NFCL) here are agitating for increase in wages by attending duty wearing black badges and boycotting the canteen. Back to News Review index page  

Alembic ties up with Italian firm
Mumbai: The Vadodara-based Alembic Ltd has entered into a tie-up with an Italian pharmaceutical company, `Euroresearch' for marketing the latter's products in India.
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