Enron Mauritius claims to own $200-million assets in DPC
Mumbai: The total assets of Enron Mauritius Company, which holds 65 per cent in the Dabhol Power Company on behalf of Enron Corp, are worth $200 million and total debts worth $49,915,343.
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Ispat Industries pegs Rs 600 crore to complete 3 million tonne steel project
New Delhi: Ispat Industries, which has developed a breakthrough technology in steel melting, is hopeful of completing the last but crucial part of its three million tonne project partly through internal accruals.
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Nicholas Piramal targets more in-licensing tie-ups
Mumbai: Close on the heels of signing an in-licensing agreement with Cytran, the Rs 1,000-crore pharma company Nicholas Piramal India Ltd is eyeing more such ventures while deciding to double the number of its scientists.
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IFC to invest $10 mn in chip fund
New Delhi: The International Finance Corporation (IFC), the World Bank's private-sector development arm, said on Monday it would invest $10 million in a fund incubating chip design firms based in India.
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LG is No. 1, corners 15% of CTV market
Mumbai: BPL, once the leader in the colour television market, does not even figure in the top three slots, according to ORG-GFK estimates for October ’02.
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Birlas likely to bid for Nalco through Hindalco
Mumbai: The Aditya Birla group will in all likelihood submit its bid for Nalco through flagship company Hindalco. This is a departure from its earlier reported move of bidding through Indal.
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Govt may axe 70% jobs at Hind Copper before sale
New Delhi: The government is looking at a major downsizing exercise at Hindustan Copper (HCL) to prune employee strength by nearly 70 per cent, before bargaining for a price from the two suitors in race for the company Sterlite and Birla Copper.
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Honda to add three more cars to India portfolio
New Delhi: The local unit of the Japanese auto giant Honda Motor Company is widening its product portfolio. Currently dominated by the City and the Accord, the coming year will see Honda Motors’ Indian subsidiary Honda Siel launch the Civic, the three-box Fit and the CR-V sports utility vehicle.
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New launches to add flavour to Tata Tea
Kolkata: After relaunch of its flagship brand Tata Tea with new packaging and advertising, Tata Tea is contemplating offering a slew of new products within the next 12 months to the tea connoisseur in the form of new fancy brews including flavoured tea, ready-to-drink tea and instant tea, with a view to give the consumer a global tea experience.
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Air-India will seek RBI nod for ATF hedging
New Delhi: Air-India has decided to seek permission from Reserve Bank of India to hedge its requirements for aviation turbine fuel (ATF).
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First batch of Rs 85-lakh Merc coming in Dec
New Delhi: The lucky 10 are going to be singing `Come December’, when the first shipment of 10 homologated Mercedes SL 500 land in India early December.
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MUL to launch Vitara in '03, step up exports
New Delhi: Maruti Udyog (MUL), the country’s largest car company, is planning to double its exports to western Europe and is introducing a new car Vitara later next year.
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IOC sells all oil bonds; repays long-term debt
New Delhi: Indian Oil Corporation (IOC) has become the first public sector oil company to complete the sale of its oil bonds worth Rs 5,276 crore received from the Centre in lieu of outstanding payments from the erstwhile oil pool account.
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No legal hurdle to Sardas' open offer for BSL stake
Kolkata: The much-talked-about open offer of the Sardas to acquire 30 per cent in BSL Ltd remains open and is likely to be completed as per schedule, despite a petition being filed against it at the Rajasthan High Court and an adjudication exercise initiated by the Securities and Exchange Board of India.
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