LG sets up Rs 40-crore fund for ICC World Cup marketing
Mumbai: LG Electronics will spend Rs 40 crore on its ICC World Cup-related marketing activity over the next four months.
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Orchid on the prowl, targets acquisitions in formulation biz
Chennai: The Chennai-based Orchid Chemicals and Pharmaceuticals Ltd is planning strategic acquisition of firms in the formulation business.
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NPIL board approves merger with GBDFC
Mumbai: The board of Nicholas Piramal India Ltd has approved the merger of Global Bulk Drugs & Fine Chemicals for Rs 52 crore, excluding the net current assets of Rs 16 crore.
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STAR India not to hike rates, wants more subscriber declarations instead
Mumbai: Star India has indicated that it will not increase the price of its bouquet of channels but focus on getting from cable operators more declaration of subscribers.
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HPCL, Gail to set up JV for fuel marketing in Andhra
New Delhi: Hindustan Petroleum Corporation Ltd and Gas Authority of India Ltd has entered into an agreement to form a joint venture company to distribute and market fuels in and around of Andhra Pradesh.
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German firm plans to buy 20% in Insilco
New Delhi: Germany's RAG Beteilligungs proposes to buy up to 20 per cent in Indian silica manufacturing firm Insilco at Rs 16.08 a share, the Bombay Stock Exchange said on Friday.
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Nestle seeks government nod to extend pact with parent
Mumbai: Nestle is seeking government nod to extend the duration of its licence agreement with its Swiss parent till '07, besides consolidating its 11 pacts into one general licence agreement with Societe des Produits Nestle SA with retrospective effect from December 19, '00.
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Birla Sun Life set to tap pension segment by '02
Mumbai: Birla Sun Life , the JV between Aditya Birla group and Canada's Sun Life Financial, is set to enter the pension segment, by introducing a pension policy product by the end of this year. The exact features of the pension product are being worked out.
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Sharp, L&T tie up for hi-tech office products
New Delhi: Japanese technology major Sharp is setting up a joint venture with L&T to introduce high-tech digital office products in India. It will also provide software-based solutions. The JV company will absorb L&T electronic equipment business select assets, employees and dealer facilities.
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Sahara malls to screen Inox multiplexes
New Delhi: Inox Leisure, a division of the Inox Group specialising in setting up multiplexes, has tied up with the Sahara Group for setting up multiplexes in the latter's shopping malls in Gurgaon and Lucknow.
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Cyrus to quit MTV for JWT
Mumbai: Vice-president and executive creative director Cyrus Oshidar is considering quitting the music channel that he helped build into a youth icon, and signing on with JWT India as executive vice-president and national creative director.
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Phaneesh to float BPO firm
Bangalore: Setting to rest speculation about his future move, Phaneesh Murthy, the former director and global sales head of Infosys Technologies, is set to float a BPO company in Bangalore.
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Deepak Roy to take over Diageo's IMFL business
Mumbai: Liquor industry veteran Deepak Roy has signed a deal to take over the global spirits giant Diageo's Indian Made Foreign Liquor (IMFL) business.
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OIL in pact with Venezuelan firm for exploration
New Delhi: The state-run exploration firm Oil India Ltd (OIL) yesterday signed an agreement with Venezuela's Petroleos de Venezuela, S.A. (PDVSA) for oil exploration in Baghewala oil field in Rajasthan.
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Loan subsidies to states to hit PFC bottomline
New Delhi: The Cabinet has approved the Power Ministry's proposal to extend a Centre-funded scheme to provide subsidised loans to the state power sector during the Tenth Plan period, with an annual subsidy outflow of Rs 300 crore.
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Invensys to expand IDC; mulls BPO centre
Invensys Plc, the $10 billion global enterprise engaged in production and energy management solutions, has announced that its BaaN India development centre, Hyderabad will be ramped up as a part of its $3 million investment plan to provide a wide range of services across the entire Invensys production management division.
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