Wipro scrip underperforms IT peers
Wipro's share price has underperformed its peers over the past six months despite a brightening of sentiment towards the technology sector.
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Ford to replace Ikon models with single variant
Ford India is likely to phase out its existing models of the 1.6-litre Ikon and replace them with an all-new single variant, which encompasses the best of all its josh machines.
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Pantaloon to raise Rs 50 crore against card payments
Leading Mumbai-based retailer Pantaloon is raising Rs 50 crore from various banks against future credit card sales of its existing retail stores, in one of the largest ever securitisation deals in the retail sector.
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Nicholas in talks to market Ivax asthma inhalers
Indian pharma major Nicholas Piramal (NPIL) is in talks with the $1.2bn American drugmaker Ivax, to market the latter’s asthma inhalers in India. The talks have been going on for some months now, but no agreement has been reached, a company source said.
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DRL launches Ibuprofen in US markets
DRL has launched Ibuprofen in the US generics market under its brand name. The company has also commenced shipment of prescription Ibuprofen tablets 400 mg, 600 mg and 800 mg to the US “Direct marketing of Ibuprofen is the first step in building our commercial organization in the US market.
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Pizza Hut thinks 'small', to open outlets in 22 towns
After baking a profitable dough in major metros, Pizza Hut is all set to spread into smaller towns (B-class cities) across the country. The MNC food chain will be opening 55 more restaurants in 22 new towns by '04.
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More gas to burn: BPCL now offers piped LPG
Oil companies that were losing their traditional LPG (liquefied petroleum gas) customers to piped CNG (compressed natural) gas are now striking back.
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Playwin-Zee Tele pact may boost channel ratings
The marketing arrangement between Playwin, the infrastructure provider of Maha Lotto, and Zee Telefilms is expected to boost the television ratings of the channel besides earning it good revenue.
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Steel companies want no change in customs duty
The steel industry has called for a status quo on custom duties in its
pre-budget recommendations to the government. This comes at a time when several sections of the manufacturing sector have demanded a cut in the import duty on raw materials, including steel, to the 10% level.
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