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Tata
Chemicals raises $20 million
Mumbai: Tata Chemicals Ltd recently went in for
a $20-million external commercial borrowing at an interest
cost of 3 per cent to meet its regular corporate requirements,
Mr Ratan Tata, Chairman of the company, told shareholders
on Monday.
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Wipro
acquires lease rights on Chandrika
Bangalore: Wipro Ltd said it has entered into an
agreement with the Chandrika family partnership to acquire
long-term lease rights of `Chandrika' soap for use in
India and the SAARC countries.
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Novar
to source electric tools from Chennai plant
Chennai: Novar Plc is using its Chennai plant as
a testing centre and also to supply electric equipment
to the global market.
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BPCL
board meet on Dec 26 to consider interim dividend
Mumbai: BPCL has informed the stock exchanges that
its board would meet on December 26 to consider a proposal
for declaration of interim dividend for the financial
year 2003-04.
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ITI
declared potentially sick
New Delhi: ITI Ltd has been declared a "potentially
sick" company and the Department of Telecommunications
has turned down its plea for financial assistance of Rs
790 crore that would help it turn around.
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Soffia
shareholders okay $100-m bonds issue
Chennai: Shareholders of Soffia Software, now renamed
as Quintegra Solutions Ltd, have approved the company's
plan to raise $100 million through American Depository
Receipts/Global Depository Receipts or euro convertible
bonds.
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Compudyne
to partner Logistic Solutions
Bangalore: Compudyne Winfosystems Ltd, which is
planning to restructure its IT business, is weighing options
to foray either into business process outsourcing or IT-enabled
services.
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Satyam
implements SAP for Lanka company
Hderabad: Satyam Computer Services Ltd on Monday
announced that it had implemented SAP for Eagle Insurance,
one of the larger players in the insurance sector in Sri
Lanka.
The company implemented SAP for Eagle's General Ledger
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Wipro
to open call centres in Bengal soon
Kolkata: Wipro is commissioning its Software Development
and Call Centres here on February 1 next year.
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Casino
group to focus on core competence
Kochi: The Casino group of hotels, the pioneers
of resort/holiday tourism in Kerala, will be getting out
of fringe business and will focus on its core competence
— resort, health, nature and ecotourism.
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Zee
Tele arms to merge
Mumbai: The board of directors of ETC Networks
Ltd on Monday approved an in-principle merger with Econnect
India Ltd.. Both the companies are subsidiaries of Zee
Telefilms Ltd.
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Magors
may divest Williamson Tea stake
Kolkata: Williamson Tea Assam Ltd is in the news
because of reports that its promoters, the UK-based Magors,
are prepared to hive off their share in the company.
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