Honda to launch small car
Bangalore: Honda has firmed up plans to launch a small car in India.
"We are seriously looking at the `B' segment. We have already commissioned a study in this respect," the Honda Siel Cars President and Chief Executive Officer, Mr H. Yamada, said.
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Nandas looking for reconciliation
New Delhi: The Nanda brothers of Escorts are looking for reconciliation. Till such time the issue of disinvestment of Escorts Heart Institute and Research Centre is to remain in status quo.
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Vijay Mallya to buy Chhabria's stake in Herbertsons
Bangalore: MrVijay Mallya, the chairman if the UB Group has confirmed an impending settlement with Mr Kishore Chhabria to buy out the latter's shareholding in Herbertsons Ltd.

Mr Mallya is scheduled to meet Mr Chhabria in Mumbai on Tuesday in a bid to end the legal proceedings pertaining to the control over the company.
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JB Chem to set up research unit in Pune
Mumbai: JB Chemicals & Pharmaceuticals Ltd proposes to set up a research and development unit at Pune with an investment of Rs 40 crore.

The unit, which is funded entirely through internal accruals, will be set up in three years, said Mr Shirish Mody, Whole-time Director.
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GSPC raises Rs 300 crore
Gandhinagar: Gujarat State Petroleum Corporation Ltd has raised funds to the tune of Rs 300 crore for its oil and gas exploration activities.

The funds have been provided by a consortium of banks led by State Bank of India, to meet the company's short-term funding requirements for its oil and gas business.
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BHEL gets Hindustan Zinc's power plant order
New Delhi: Bharat Heavy Electricals Ltd, the public has won a contract from Hindustan Zinc Ltd for setting up a 154-MW captive power plant at its lead zinc smelter at Chittorgarh in Rajasthan.
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Indal 's Kochi unit shut down
Kochi: Indian Aluminium Industries Ltd has shut down its smelter unit at Alupuram in the absence of a positive response from the Kerala State Electricity Board (KSEB) on supply of power at concessional rates or granting permission to draw power from the Power Trading Corporation.
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Tata Tea seeks approval for adjusting accounts
Mumbai: Tata Tea Ltd has informed the BSE that it is seeking shareholders' approval for adjustment of miscellaneous expenses to the extent not written off amounting to Rs 41 crore in the books of accounts and any accretion during 2003-04 against share premium account.

This is subject to approval of the Kolkata High Court, National Company Law Tribunal or any other regulatory authority.
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Transgene Bio to go for issue allotment
Hyderabad: Transgene Biotek Ltd has informed the stock exchanges that its board at its meeting held last week has approved the allotment of 10 lakh equity shares of Rs 10 each at a price of Rs 60 per share along with 10 lakh fully convertible warrants of Rs 10 each convertible into equity shares of Rs 10 each at a price of Rs 125 per share at the end of 12 months from the date of allotment on preferential basis.
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BEMLwins export award
Bangalore: Bharat Earth Movers Ltd has won the Niryatshree Gold Trophy from the Federation of Indian Exporters Organisation.

The award was in recognition of its outstanding export performance in the Export House/Non-SSI category for the financial year 2000-01, a BEML release said.
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SAIL to fill upBoard Vacancies
Kolkata: SAIL has initiated steps to get candidates for seven board-level slots shortlisted by the Public Enterprises Selection Board to ensure a smooth transition when the posts fall vacant over the next few months.
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Wockhardt introduces Recombinant Human Insulin
Mumbai: Wockhardt has announced the launch of India's first recombinant human insulin at a price of Rs 129 for a 10 ml vial. The company has branded its human insulin as 'Wosulin' and would be manufactured at its biotech park in Aurangabad.

The insulin has been attractively priced, as Eli Lilly, among others, had recently announced a reduction in their human insulin from Rs 218 to Rs 145 for a 10 ml vial.
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