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Kishore
Chhabria in talks with Interbrew
Bangalore: Mr
Kishore Chhabria, who is engrossed in a battle with the
UB Chairman, Mr Vijay Mallya, for control over Herbertsons,
is set to enter the beer business.
He
plans to bring in a foreign partner and is reportedly
in talks with Interbrew, the world's third largest brewer.
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Sterlite
opts out of copper business demerger
Mumbai: Sterlite Industries Ltd has decided to
withdraw the scheme of arrangement for demerger of the
copper business.
The company had earlier announced plans to hive off its
copper business and its investments to a new company.
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Ranbaxy
gets USFDA approval to market `Panixine'
New Delhi: Ranbaxy Laboratories Ltd has announced
that it has received approval from the US Food and Drug
Administration (USFDA) to market its branded `Panixine
DisperDose' tablets.
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BIFR
seeks new proposal from Ferro Alloys Corporation
Hyderabad: The Board for Industrial and Financial
Reconstruction has directed the management of Ferro Alloys
Corporation Ltd , the ailing producer of ferro alloys,
charge chrome and stainless steel, to prepare a fresh
and detailed statement of outstanding liabilities as on
March 31, 2003. Back
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Gail
in pact with Philippines
New Delhi: Gail
India Limited is entering into a gas sector co-operation
agreement with the Republic of Philippines. A memorandum
of co-operation will be signed on Wednesday between energy
secretary, government of Philippines, Vicente S Perez
Jr and chairman and managing director, Gail, Proshanto
Banerjee.
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Dr
Reddy's releases annual report on
corporate safety
Hyderabad: MR Satish Reddy, Chief Operating Officer,
of DR Reddy's Laboratories, the Hyderabad-based pharmaceutical
major, released its first Corporate Safety, Health &
Environment Annual Report for the year 2002-2003 here
yesterday.
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Heritage
promoters consolidate holding
Hyderabad: Two of the promoters of Heritage Foods
India Ltd , the Hyderabad-based milk and milk products
company, have further consolidated their holdings in the
company by way of market purchases.
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Indian
Rayon eyeing overseas markets
Mumbai: Indian Rayon Industries Ltd, having established
itself as a leader in the viscose filament yarn business,
is focusing on overseas markets.
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IDBI
recommends debt revamp for Gayatri Sugars
Hyderabad: Industrial Development Bank of India,
the lead financial institution of Gayatri Sugars Ltd ,
the Rs 89-crore ailing sugar producer, has recommended
the company for a corporate debt restructuring .
GSL, which incurred losses due to heavy interest and
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Samsung
targets Rs 5,000 crore turnover
Kolkata: Sansung India Electronics Ltd has targeted
a turnover of Rs 5,000 crore in 2003. In 2002, the company
had recorded a turnover of Rs 2,950 crore.
Of this, consumer electronics and home appliances accounted
for Rs 1,710 crore, the balance being accounted for by
the company's IT and telecom product offerings. In the
current calendar year, sales of consumer electronics and
home appliances are expected to generate a revenue of
Rs 2,500 crore.
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Orchid
eyes Rs 1,000-cr turnover by 2005
Hyderabad: Having put in place the required processes,
patents and plants across the globe with strategic investments
of around Rs 450-crore, Orchid Chemicals and Pharmaceuticals
Ltd , the Chennai-based Rs 542-crore cephalosporins major,
expects the benefits to get unlocked from 2005 onwards
with quantum jump both in revenues and profits, mostly
from the regulated markets.
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