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Taj
will face competition on its own: Ratan Tata
Mumbai:Speaking at the company's AGM, Mr Ratan
Tata, Chairman, IHCL, said the hotel major may forge sales
and reservation alliances in select markets abroad but
"does not need to join a Hilton or any other brand
because we feel we can compete on our own".
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Tata
Motors sales up 37% in August
New Delhi:Tata
Motors has reported total sales (including exports) of
24,831 vehicles in August 2003, representing an increase
of 37 per cent over August sales last year. Cumulative
sales for the period April-August were 1,10,219 units
as against 77,026 vehicles sold last year, a growth of
43 per cent.
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BSES
calls for bids from power units
Mumbai:BSES Ltd, one of India's leading private
sector power companies, has taken its first steps towards
power trading under the newly ratified Electricity Act
2003.The Reliance Group company plans to change its power
procurement strategy in line with the Act.
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UB
group to set up 4 breweries
Bangalore:The UB group is finalising plans to SET
UP off four greenfield breweries. United Breweries Ltd,
the flagship brewing entity of Mr Vijay Mallya, and Millennium
AlcoBev (MABL), a three-way joint venture between UB,
Scottish & Newcastle and Mr Ravi Jain, will develop
these new plants.
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Tata
Motors plans to enter armoured vehicles
segment
New Delhi:Tata Motors Ltd, is planning to enter
the armoured vehicles segment in a year's time.
According to a senior company official, the plan would
cover armouring vehicles such as Safari, Sumo and a few
models of light commercial vehicles.
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Alstom
okays industrial turbine business sale
Mumbai:Alstom Projects Ltd on Thursday said its
board of directors have decided to sell its industrial
turbine business to any affiliate or subsidiary of the
Siemens group.
The
decision was taken at a board meeting held here and was
based on a valuation carried out by AF Ferguson for Rs
49.7 crore. The company will seek shareholders approval
for the decision, the company told stock exchanges today.
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Vista
Pharma to hike authorised capital
Hyderabad:Vista Pharmaceuticals Ltd has informed
the stock exchanges that its board of directors at their
meetings held on August 22 and 27, have approved a resolution
to increase the authorised capital from Rs 8 crore to
Rs 10 crore.
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Wockhardt
to launch cancer drug next year
New Delhi:Wockhardt Ltd is set to commercially
launch its cancer drug, Interferon-alpha2B, in the first
half of 2004.
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United
Phosporous buys herbicide ingredient from BASF
Mumbai:United Phosphorus Ltd announced on Thursday
that it has acquired Acifluorfen, a herbicide active ingredient
from BASF.
The
company has entered into an agreement with BASF to this
effect. Under the agreement, United Phosphorus can immediately
start sales of this herbicide active ingredient in the
US. From 2004, it can sell the products throughout the
world. This ingredient is sold under the brand names of
Ultra Blazer, Storm and Volt.
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Air
Deccan promoters to divest 20 pc stake
Bangalore:The promoters of Air Deccan plan to divest
20 per cent of their stake to raise fresh funds for expanding
their services.
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Aurobindo
allotment
Hyderabad:The board Aurobindo Pharma Ltd on Thursday
allotted 9,50,000 equity shares to the promoters and directors
by way of conversion of warrants issued and allotted as
per a special resolution.
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M&M
hopes for Rs 700-cr turnover from
MaXX Pik Up
Kolkata:Mahindra & Mahindra Ltd is hopeful
of selling 20,000 units of its pick-up, multi-utility
vehicle during the current fiscal. This is expected to
translate into a turnover of around Rs 700 crore, according
to Mr Nalin Mehta, General Manager (Marketing) of Mahindra
& Mahindra.
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