Colour-Chem to make open offer for 20 per cent in Vanavil Dyes
Chennai: Colour-Chem Ltd has announced its intention to make an open offer to acquire up to 20 per cent of the equity in its affiliate Vanavil Dyes & Chemicals Ltd.
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HC orders report on re-start of Dabhol project
Mumbai: The Bombay High Court in a landmark judgment on Tuesday directed the court receiver with an assistance from IDBI-led rupee lenders’ consortium to carry out a feasibility report within three months for the restart of Dabhol phase-I (658 mw).
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Pay channels gear up for joint cost package
Mumbai: Just when the basic tier pricing for the conditional access system has been announced by the government, pay TV broadcasters have turned active on finalising the cost of their bouquets.
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Telco sales climb 19 per cent in 2002-03
Mumbai: Tata Engineering has reported a 19 per cent growth in sales including exports for 2002-03 at 2,19,860 units over the previous year, the highest ever sales achieved by the company in a fiscal.
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Ceat to focus on non-truck tyre segment
Kolkata: In a bid to hedge against the cyclical nature of truck-tyre sales, RPG Group company Ceat Ltd has decided to focus on the non-truck tyre segment.
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Ethiopian Airlines to operate Mumbai-Beijing direct flights
New Delhi: Ethiopian Airlines is the first airline to have bagged the
permit to operate direct flights from Mumbai to Beijing. The new once-a-week service is operated with a modern Boeing 767-300 ERs.
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Sterling Biotech bags Rs 22.5-cr orders from US
Mumbai: Sterling Biotech has bagged two export orders worth Rs 22.5 crore from US-based healthcare companies to supply gelatin. One order is a Rs 12.5-crore export order from the GNC group, a speciality retailer of vitamin, mineral, herbal supplements. The other is a Rs 10-crore order from Cardinal Healthcare Inc. The company had bagged an order of Rs 5.5 crore from Cardinal early this year.
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Essar Oil plans 20,000 t diesel imports for local market
New Delhi: Essar Oil plans to import an initial parcel of 20,000 tonnes of diesel in May for selling in the local market, a senior company official said.
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Amul claims Mother Dairy trademark — `13-day gap' puts NDDB in a spin
Ahmedabad: The Rs 2,747-crore Gujarat Co-operative Milk Marketing Federation (GCMMF), the owner of the Amul brand, has sought to rewrite the script for the National Dairy Development Board (NDDB) by making clear that it has the first lien on the Mother Dairy trademark. This move would question the
raison d'etre of NDDB's thrust into the realm of marketing, as it is under the Mother Dairy brand that it had routed various businesses with volumes close to Rs 1,000 crore.
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MNCs: Not above flouting rules
Mumbai: As many as 18 blue-chip MNCs have allegedly violated the foreign exchange regulations and paid salaries and perks abroad to their employees working in India without obtaining RBI approval.
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HLL acquires Amalgam's cooked shrimp business
Mumbai: In a yet another measure to move down the value added chain,Hindustan Lever Ltd (HLL) on Tuesday announced that it has acquired the cooked shrimp and pasteurised crabmeat business of Kerala-based Amalgam group of companies on a going concern basis
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Samtel plans foray into colour display tubes
Mumbai: After a year of corporate consolidation and restructuring, the colour picture tube (CPT) manufacturer, Samtel Colour Ltd, part of Rs 1,200-crore the Samtel Group, is all set to expand its product portfolio.Close on the heels of launching super-flat tubes, the company is now looking at foraying into colour display tubes (CDT) and flat panels later this year.
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Yamaha Motor sets up IT arm for software design
New Delhi: Motorcycle maker Yamaha Motor India has floated an infotech company to carry out software development and design for its own company and for other clients. Sources in Yamaha Motor India, formerly known as Yamaha Motor Escorts Ltd, said the company has set up a wholly-owned subsidiary, YM
Infotech in Faridabad near Delhi to carry out development and design of software.
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BHEL industrial systems group PBT at Rs 58 cr
Mumbai: BHEL's industrial systems group has posted a profit before tax of Rs 58 crore for the financial year 2002-03 on a turnover of Rs 540 crore.
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Bajaj Tempo sales up 30 per cent
Mumbai: Bajaj Tempo Ltd, has recorded a growth of over 30 per cent in sales turnover over the last financial year at Rs 850 crore (Rs 652 crore last fiscal) for the financial year ended March 31, 2003.
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Basic tier fee for CAS at Rs 71.33
New Delhi: The Government on Tuesday took yet another step in assisting the implementation of a Conditional Access System (CAS) by fixing the price of the basic tier comprising free-to-air channels at Rs 71.33 (exclusive of entertainment and service tax).
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