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| • Fortis looking at more global acquisitions |
| Fortis Healthcare Ltd‘s Chairman Mr Malvinder Mohan Singh on Friday said that the acquisition of Singapore-based Parkway Holdings was a beginning to his global ambitions even as other international buy- outs are being |
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| • Thermax working with NPCIL on N-power biz |
| The Pune-based Thermax and Nuclear Power Corporation of India are working on new packages such as balance of plant (BOP) and allied work relating to secondary portion of nuclear power |
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| • Landmark Group to expand India footprint |
| Retail major Landmark Group's brands in India including Lifestyle International, Home Centre, Spar and Max stores, which contribute about 10 per cent to the company's global revenues at present, is expected to grow by 45-50 per cent in the next |
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| • VA Tech Wabag sees huge potential for growth in India |
| VA Tech Wabag, the multinational water treatment company, sees India as the largest potential market, growing at more than 20 per cent |
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| • Dabur, CavinKare see growth bubbling in shampoos |
| The Rs 2,200-crore market for shampoos is losing foam, but smaller players in the market such as Dabur India and CavinKare have still registered sizzling growth |
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| • Bosch to lift lock-out at Naganathapura plant |
| Auto parts' maker Bosch has decided to lift lock-out at its Naganathapura plant from Saturday and will withdraw its lock-out notice to workers at Bangalore |
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| • Asia Motor to offer value-for-money trucks |
| Asia Motor Works, an emerging truck-maker in the medium and heavy commercial vehicle space, plans to enter the mass market haulage segment with value-for-money |
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| • Make NACIL a holding company with 2 separate wings: House panel |
| The National Aviation Company of India Ltd (NACIL) should be made into a holding company with two separate wings – NACIL (Indian Airlines) with its headquarters in Delhi and NACIL (Air India) with its headquarters in Mumbai, the |
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| • Global Green to get $10-m funding |
| Rabo Equity Advisors, investment advisors for India Agri Business Fund (the Fund), announced on Friday that it will invest $10 million into Mr Gautam Thapar's Avantha Group's “The Global Green Company |
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| • Apex court declines to intervene with HC's ruling on telecom licence |
| In a decision that could open the doors for 20 companies, including AT&T and Hindujas to enter India's booming telecom market, the Supreme Court on Friday declined to interfere with the Delhi High Court's earlier ruling on issuing cellular |
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| • Corporates to file CSR on portal |
| Corporates would soon file their Corporate Social Responsibility (CSR) report on the portal of the Ministry of Corporate |
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| • Samsung aims to double AC sales to a million units |
| Samsung Electronics is looking to double its air conditioner sales in India to a million units this year by tapping the growing demand as the summer heat builds |
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| • In 10 years, print medium sees six-fold jump in advertisers |
| During the last decade beginning from the year 2000 to 2009 the advertising in print medium has seen a sea |
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| • Cost accounting standards to come into effect from April 1 |
| Ten cost accounting standards have been formulated, six of them are mandatory, which will come into effect from April 1 and three more are likely to be added, according to Mr K. Narasimha Murthy, Director of IDBI and LIC Housing |
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| • Triveni Engg announces demerger of steam turbine business |
| Sugar maker Triveni Engineering & Industries Ltd (TEIL) has formally announced the demerger scheme of its steam turbine |
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| • M&M to revisit TN tractor project |
| Mahindra & Mahindra plans to revisit its plans of setting up a tractor facility in Tamil Nadu. The project was put on hold following the global economic slowdown in 2008. The new plant could be commissioned in a couple of |
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| • Gayatri Energy close to tying up funds for Krishnapatnam coastal project |
| Gayatri Energy Ventures, part of Gayatri Projects Ltd, is close to achieving financial closure for the Rs 6,800-crore 1,320 MW coal-fired coastal power plant proposed near Krishnapatnam in Andhra |
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| • Crisil upgrades Tata Motors |
| Rating agency Crisil has upgraded its ratings on Tata Motors' bank facilities and short-term debt programme to ‘A+/Stable/P1+' from ‘A/Stable/P1'. “The upgrade reflects Crisil's belief that the improvement witnessed in Tata |
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| • New Central Coalfields Director |
| Mr Abhijit Chatterjee has joined Central Coalfields Ltd as Director (Finance), according to a CCL release. Earlier, Mr Chatterjee was Executive Director (Finance) of Bharath Earth Movers Ltd, Bangalore, the release adds. — Our |
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| • PFC loan for NTPC-Rlys venture |
| State-owned Power Finance Corporation said on Thursday it has sanctioned a loan of Rs 2,248 crore to Bhartiya Rail Bjilee Company for establishment of 1,000 MW Nabinagar Thermal Power Project at Aurangabad in Bihar. PFC and Bhartiya Rail Bjilee |
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| • Eveready hikes battery prices |
| Kolkata, March 12 Eveready Industries India Ltd, second largest manufacturer of carbon zinc batteries globally, on Friday announced a hike in the prices of its complete range of dry cell batteries. At the MRP level the increase is between five |
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| Updated: 962 minutes ago |
