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Increase
in Maruti car prices on the cards
New Delhi: The prices of Maruti Suzuki passenger cars
will be hiked shortly as the cost of input material has
gone up in the recent months, said Jagdish Khattar, managing
director, Maruti Udyog Ltd.
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Becosules
likely to hit Rs 100-cr sales by March
New Delhi: The biggest multivitamin brand in the Indian
market, Becosules, a product of Pfizer Ltd, is expected
to hit Rs 100-crore mark in terms of annual turnover by
March 2003, according to market and industry sources.
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Tata
Steel JV to set facility in South Africa
New Delh: A joint venture company of Tata Iron &
Steel Co and South Africa Industrial Development Corp
would set up a ferro-chrome unit in South Africa.
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Rabo
India arranges Rs 62-cr debt for Sanjana Cryogenic
New Delhi: Sanjana Cryogenic Storages Ltd has raised
a debt of Rs 62 crore which was arranged by Rabo India.
Several domestic banks participated in the syndication.
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Nagarjuna
Const bags orders worth Rs 101 cr
Chennai: Nagarjuna Construction Company Ltd (NCCL)
has won seven construction orders worth Rs 101 crore for
various projects across the country during February-March,
2003.
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Blue
Star plans to sell shares to Yokogawa Electric
New Delhi: Blue Star Ltd proposes to sell its 28 per
cent stake in its joint venture Yokogawa Blue Star Ltd
engaged in process control engineering, to the Japanese
partner. Yokogawa Electric Corporation holds 40 per cent
equity in the company.
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Minda
to set up plant in South-East Asia
Hyderabad: In line with the current trend of domestic
auto component manufacturers setting up facilities in
foreign locales, switches and components manufacturer,
Minda Industries is planning to set up an assembling plant
in South East Asia by 2004.
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Chemithon
commissions India's first flue gas unit
Mumbai: The country'sfirst dual flue gas conditioning
unit, which helps stem particulate emission at thermal
power stations, was commissioned at Gujarat Electricity
Board's Ukai thermal power station, by Chemithon Engineers
Ltd, a part of Chemithon Enterprises Inc of the US.
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Zacks
may set up shop in India
New Delhi: The Chicago-based stock market researcher,
Zacks, has decided to relocate part of its operations
to India.
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Colgate
divests stake in arm; shuts unit
Mumbai: Colgate Palmolive India Ltd has divested its
entire shareholding in Camelot Investment Company Ltd,
a wholly owned subsidiary of the company, which was running
a toothbrush making plant. Camelot had decided to discontinue
the operations of its toothbrush making facility at Waluj,
Aurangabad.
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War
won't impact Haldia Petro
Kolkata: Haldia Petrochemicals Ltd (HPL), which uses
naphtha as its feedstock, is not unduly worried over the
disturbances in the Gulf region as per the company sources.
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SAIL
earns Rs 400 cr from exports during Dec-Feb
Kolkata: Steel Authority of India (SAIL) is registering
exports of more than one lakh tonnes every month from
December 2002, according to a press release issued by
the company.
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No
hike in war risk premium for vessels
New Delhi: There is no immediate likelihood of an
imposition of an additional war risk premium for Indian
vessels that choose to hover in the vicinity of the war
theatre even as the US offensive against Iraq entered
into its second day on Friday.
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