Telco posts Rs 76 crore Q3 profit
Mumbai: Registering the fourth consecutive quarterly profit performance, Tata Engineering has recorded a net profit of Rs 75.7 crore for the December-ended quarter 2002-03 as against a loss of Rs 55.5 crore in the same period last year.
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Fiat plans small car, Palio diesel Variant soon
Mumbai: Despite problems plaguing the parent, Fiat India is upbeat with plans which may include the launch of a small car and aims to arrest the decline in ‘Palio’ with the rollout of the diesel variant.
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RIL set to commission 5,800 outlets
Mumbai: Reliance Industries Ltd is set to commission 2,500 retail petroleum outlets by April 2004 across the country in the first phase.
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Blue Star Infotech posts Rs 32 million net
Mumbai: Blue Star Infotech Ltd has posted a net profit of Rs 31.86 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 31.42 million in the quarter ended December 31, 2001.
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Hard drive: move on to push hardware sector
New Delhi: The Union Ministry of Information Technology and Communications has prepared a blueprint to develop the hardware sector rapidly to catch up with the software sector, a senior official said on Wednesday.
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Satyam Q3 net down 2.2 per cent, below forecast
Chennai: Satyam Computer Services, India's fourth-largest software services exporter, reported a 2.2 per cent fall in its third quarter net profit which is much below market expectations.
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Reliance may slash ISD rate to Rs 6/min
Mumbai: Reliance Infocomm is likely to reduce international long-distance charges to Rs 6-8 per minute, according to sources familiar with the issue.
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Delphi to make India a global engg hub
Bangalore: Delphi India, auto component maker, plans to make India a global engineering centre. Currently, the company has over 200 engineers working on embedded systems at its Technical Centre India (TCI) in Bangalore.
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HP to set up advanced tech centre in B'lore
Bangalore: Hewlett-Packard (HP) continues to build on its presence in India. The company, which has over 1,800 people working on software R&D in Bangalore, now plans to set up an advanced technology centre here, the second globally for HP after one at its headquarters in Palo Alto.
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Voltas plans Qatar JV
Mumbai: After a major restructuring, over the last five years, which resulted in the consolidation of business and cut workforce by 60 per cent, Tata group company Voltas is now charting a growth path.
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Eli Lilly cuts Huminsulin price by one-third
New Delhi: Eli Lilly and Company (India) has announced price reduction in its indigenously producing Huminsulin for diabetes patients across India. With reduction in prices to one-third, human insulin vial of 10 ml (containing 400 IU of human insulin) would now cost Rs 145, down from the previous price of Rs 218 pegging it on par with the prevailing prices of animal derived-porcine insulin in the market, senior company officials said at a press conference on Tuesday.
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Nicholas Piramal Q3 net at Rs 21cr
Mumbai: Drugmaker Nicholas Piramal (NPIL) has posted a net profit of Rs 21.2 crore in the third quarter of 2002-03 on net sales of Rs 219.6 crore.
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LG India to move SC over HC ruling
New Delhi: LG Electronics India, one of the major sponsors of the World Cup, has decided to appeal to the Supreme Court against the Delhi High Court order barring outflow of foreign exchange if India was debarred from playing in the World Cup.
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Dabur to take up pharma demerger next week
Mumbai: Dabur India Ltd is slated to take up the demerger of its pharmaceutical business at its board meet, scheduled to be held early next week.
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Tata Chem set to buy Hind Lever Chemicals
Kolkata: Hind Lever Chemicals Ltd (HLCL), an associate company of Hindustan Lever Ltd (HLL), is proposed to be merged with Tata Chemicals Ltd (TCL).
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Escorts to sell 27.21 per cent in Goetze to Joint Invest
New Delhi: The board of directors of Escorts Ltd at its meeting to be held on January 27, will give its approval for the sale of the company's 27.21 per cent stake in auto components manufacturer Goetze India Ltd to Joint Investments Pvt Ltd.
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PIB approves ONGC plan for stake in MRPL
New Delhi: The Public Investment Board (PIB) on Wednesday cleared Oil and Natural Gas Corporation's proposal to acquire a controlling stake in the ailing Mangalore Refinery and Petrochemical Ltd (MRPL).
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Shasun plans foray into formulations
Hyderabad: Shasun Chemicals & Drugs plans to enter the manufacture of tablets (formulations) in order to supplement its existing bulk drug business.
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Ranbaxy targets 50% sales from US
Mumbai: Pharma major Ranbaxy Laboratories is expected to garner 50 per cent of its overall sales from its US operations in a couple of years, according to Dr D.S. Brar, Chief Executive Officer and Managing Director, Ranbaxy Laboratories.
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There is a crisis of trust in companies worldwide
New Delhi: Transparency International (TI), the Berlin-based global anti-corruption watchdog, is launching the Global Corruption Report 2003, its second annual report on the state of corruption around the world.
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