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Essar
Projects bags Rs 137-cr water deal
New Delhi: Essar Projects Ltd has bagged the Rs 137
crore Chambal-Dholpur-Bharatpur water transmission project
from Rajasthan government's public health engineering
department.
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India
division ranked top performer in Coca-Cola global operations
New Delhi: Coca-Cola India has emerged as one of the
top two performers in Coke's global operations in 2002.
And the Coca-Cola Company has for the first time awarded
The Robert W Woodruff Award--its global business performance
prize --to the Indian division.
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Lupin
opens VRS to trim wage bill
Mumbai: Lupin Ltd has announced a voluntary retirement
scheme for its employees in a bid to trim its wage bill.
The scheme entails a compensation of two-and-a-half months'
salary for every completed year or for the number of years
left, whichever is less.
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Google
buys popular Web publishing tool Blogger
Mumbai: Internet search company Google Inc. has agreed
to acquire Pyra Labs, the handful of Web developers who
helped jump-start the personal publishing phenomenon known
as blogging, Pyra's founder said on Sunday.
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VSNL
hikes dial-up Net access rates by 5-13 per cent
Mumbai: After holding prices steady for over a year,
Videsh Sanchar Nigam has hiked dial-up internet access
tariffs by 5-13 per cent with immediate effect. The internet
sewrvice provider has also introduced a new 10-hour entry
pack priced at Rs 105 as part of an aggressive retail
push, which will see the company adopting FMCG distribution
channels for the first time.
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Tatas
to buy power arm's broadband div
Mumbai: Tata Teleservices is poised to acquire the
broadband infrastructure division of Tata Power. Indications
are that Tata Power Broadband, the communications arm
of Tata Power, will be transferred to Tata Teleservices
Maharashtra - the basic services operator in Maharashtra
and Goa.
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SBI
Caps, Hudco may get mandate for Petronet's debt issue
Mumbai: SBI Caps and Hudco are set to become the lead
arranger and lead institution respectively for a whopping
Rs 1,900-crore long-term debt programme for Petronet LNG
(PLL), the country's largest import and regassification
terminal at Dahej, Gujarat. SBI Caps has also been selected
to front-end a $210m letter of credit (LC) towards gas
supply payment for the project.
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Volkswagen
plans Maharashtra unit
New Delhi: Volkswagen AG, the German auto major, is
planning to set up a separate manufacturing facility in
Maharashtra, while its Czech arm, Skoda, is planning to
create an export hub in the state for its markets spread
over south-east Asia.
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Reliance
Info opens 20 webstores
Mumbai: Reliance Infocomm has rolled out retail operations
by opening 20 exclusive wesbstores - christened Reliance
WebWorld - across the country on February 15.
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Gowarikar
turns producer, signs Rs 30cr UTV deal
Mumbai: Ashutosh Gowarikar, the creative mind behind
the success of Lagaan, has teamed up with UTV for a Rs
30-crore production called Swades. And this time, as a
producer as well.
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SAIL
hopes to cut costs via partial switchover to gas
Kolkata: The Steel Authority of India (SAIL) is trying
to slash its Rs 3,800-crore fuel expenses bill. The state-owned
steel behemoth is learnt to be toying with the idea of
partially substituting its current feedstock, coal, with
natural gas, though the company is not clear about how
much the costs will come down.
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Biocon
to invest Rs 75 cr in cancer treatment unit
Bangalore: Biocon India is moving quickly to get started
on its new anti-cancer treatment venture, which will be
the country's first such based on monoclonal anti-bodies
(MABs).
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Hindalco
awards Rs 87-cr boiler contract to Alstom
Mumbai: The power division of Hindalco Industries
Ltd has awarded an Rs 87-crore contract to Alstom Projects
India Ltd (APIL) for the modernisation of two boilers
at its Renusagar captive power plant.
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BSES
Kerala yet to receive Rs 230 cr from KSEB
Kochi:BSES Kerala Power Ltd.(BKPL) which had resumed
operations after a year-long hiatus in late December 2002,
under a working arrangement with the Kerala Government
has yet to receive Rs 230 crore and a settlement on this
issue is still pending, as the State Government has yet
to take up the matter with the Central Electricity Authority
(CEA).
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SKF
Bearings net up 127.6 pc
Mumbai: SKF Bearings India Ltd has posted a net profit
of Rs 20.42 crore for the year 2002, higher by 127.6 per
cent over 2001. The company's profit was attributed to
improvement in the two-wheeler market, better product
mix and capital restructuring.
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Eicher
mulls selling Thane gear unit
Mumbai: As part of its initiatives to reduce losses,
Eicher Ltd is considering to sell one of its gear units
located in Thane. The company on Monday informed the Bombay
Stock Exchange (BSE) that it had"received a proposal
for its consideration from a party for the purchase of
the Eicher Demm Thane (EDT) unit of the company comprising
of immovable and movable assets, current assets and liabilities
together with all employees.
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