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XCyton,
Glaxo SmithKline in tie-up for marketing kits
Mumbai: The city-based diagnostic firm XCyton Diagnostics
Ltd has signed a strategic tie-up with pharma major Glaxo
SmithKline Beecham for marketing XCyton’s HIV and
hepatitis diagnostics kits across the country.
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Govt
may cut stakes in HPCL, BPCL to 15 per cent, 26 per cent
New Delhi: The government plans to shed a lot more
equity in the two oil PSUs than proposed earlier. A note
on divestment of HPCL and BPCL that has been circulated
ahead of CCD meet intends to bring down government holding
in HPCL to 15 per cent and in BPCL to 26 per cent.
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Reliance
Info revises rates
Mumbai: Reliance Infocomm has revised its rates
to 40 paise per minute, at a 15 second pulse, from the
initial 20 paise per minute, after Trai mandated that
all incoming calls have to be free as per the conditions.
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LG
aims market leadership in commercial AC mart by ’04
New Delhi: LG Electronics is planning to consolidate
its position in the commercial air conditioning market
with the release of three new CAC products in February
and is currently targeting CAC market leadership with
a share of 28 per cent by 2004, LG’s CAC product
group head Bijo K George said.
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Godrej
tea launches two Flagship brands in Mumbai
Mumbai: Benchmarking itself on prices of the loose
tea regional players and yet hoping to offer products
that will give the branded tea market a run for its money,
Godrej Tea Ltd launched its two flagship houses, ‘Godrej
Noble House’ and ‘Godrej Chai House’ in
Mumbai on Thursday.
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Mahajan
to launch Reliance’s basic telecom services
Mumbai: Union IT and telecommunications minister
Pramod Mahajan will unveil Dhirubhai Ambani’s dream
on Friday: to offer phone calls at prices affordable for
the masses.
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TNT
India launches service for students
New Delhi: TNT India, a fully owned subsidiary
of TPG NV, the global mail, express and logistics company,
has launched TNT Scholar Pak, an express delivery service
for students applying overseas.
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Bend-Pak
of US to pick up 60% stake in Pneumatic Power Tools
Kolkata: Bend-Pak Inc. of the US has offered to
take 60 per cent stake in a West Bengal based medium sector
machinery and tools manufacturer diversifying into production
of standard pit lifts.
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Pantaloon
plans to make pref allotment
Mumbai: Pantaloon Retail (India) is making a preferential
issue to promoters and associates at a premium of Rs 40
per share.
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Polaris
will do no business with Indonesia for 1yr
Chennai: Scared by the experience in Jakarta, Polaris
Software Labs will not do business in Indonesia at least
for a year and is considering arbitration against Indonesian
Bank Artha Graha in Singapore on the dispute.
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JK
Tyre refuses to recall controversial ad
New Delhi: The legal fight between JK Tyre and
MRF over the former’s ad campaign claiming to be
the number one tyre manufacturer just does not seem to
die down.
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Air
Sahara writes new rules of marketing
New Delhi: Air Sahara has been simultaneously launching
marketing and pricing initiatives such as ‘Sixer’,
‘Super Sixer’, ‘Steal A Seat Auctions with
Indiatimes.com’ and more. It appears that the initiatives
have met with acceptance amongst the travel trade and
the consumers across segments.
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Hasbro
wants to extend reach via own outlets
Chennai: The Chennai-based Hasbro, which owns two
garment brands ‘Genesis’ (formal wear) and ‘Basics’
(informal wear), wants to replicate its two-tier approach,
that established the brands in Tamil Nadu and Andhra Pradesh,
now in Karnataka and Kerala.
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Skoda
to push small cars via fin schemes
New Delhi: After targeting the upper end of the
C-segment with its aggressive pricing, Skoda is now hoping
to grab marketshare of entry level cars in the C segment
with its financing schemes.
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Indian
Terrain plans city trip via franchisees
Chennai: Indian terrain, a little over two-year
premium menswear brand launched by the Chennai-based Rs
100-crore export garment house Celebrity Fashions that
supplies to leading international brands, will focus on
Delhi and Mumbai markets starting this summer by launching
a slew of franchisee
stores.
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Ranbaxy
gets FDA nod for Isotretinoin
New Delhi: Ranbaxy Laboratories Ltd today announced
that it has been granted approval by the US Food and Drug
Administration (FDA) to manufacture and commercialise
Isotretinoin capsules in potencies of 10, 20 and 40 mg.
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Birla
3M has a new name
Mumbai: Birla 3M Ltd has undergone a name change
and will now be known as 3M India Ltd. This is in line
with 3M's global naming approach for its companies outside
the US.
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Mukand
to stop taking fresh orders
Mumbai: Mukund Ltd has informed BSE that in view
of the depressed business conditions in the machine tools
sector, the machine tools division executed only the orders
on hand and had stopped booking further business for the
division.
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Saptarishi
Agro set to change hands again
Mumbai: Saptarishi Agro Industries Ltd is set to
change hands again with the acquisition of Global Green
Company's holding by Calibre Rehabs Ltd, according to
information provided by the company to the stock exchanges.
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Coastal
Paper hit by strike
Rajamundry: The workers of Coastal Paper Mill at
Kadiyam near here are on strike to press the management
to concede their demands, including payment of bonus at
20 per cent.
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Milma,
NDDB arm sign marketing pact
Kochi: The Kerala Co-operative Milk Marketing Federation
Ltd (Milma) and National Dairy Development Board (NDDB)
subsidiary, Mother Dairy Foods Ltd, have entered into
a joint venture to market Milma products in Kerala.
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