CORPORATE
ANNOUNCEMENTS
Reliance begins exploratory activities in Cauvery Basin
Company's first entry in the basin for hydrocarbon discoveries
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IFGL Refractories begins commercial production
IFGL Refractories, which set up a subsidiary in China in March this year, has commenced commercial production, a company release has said. The Rs 151-crore company formed this step-down Chinese subsidiary Tianjin Monocon Aluminous ...
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CORPORATE DISPUTES
Fortis, Trehan resolve differences, reach accord
The week-long standoff between the management of Escorts Heart Institute and Research Centre (EHIRC) and its founder, Dr Naresh Trehan, has seemingly been resolved. The Ranbaxy-controlled Fortis Healthcare, which holds 90 per cent in the ...
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OVERSEAS BORROWINGS
India Infra ropes in 3 banks for raising ECB
India Infrastructure Finance Company Ltd (IIFCL) has roped in three banks to help raise external commercial borrowing for the company, its Chairman and Managing Director, Mr S.S. Kohli said. "We have got regulatory clearance for $500-million ...
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EDUCATION
Not such a hit, after all...
CAMPUS RECRUITMENT
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ALLIANCES & JOINT VENTURES
Nijhawan ties up with Thrifty for car rentals
To start services in three metros — Delhi, Mumbai and Bangalore
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OUTLOOK
Simplex Infra plans realty foray with foreign investors
No idea for subsidiary co; specific jt ventures favoured
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Shantha Biotech plans export to more countries
High-speed vaccine vial filling facility opened
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Roca eyes domestic market for acquisitions
Spanish sanitaryware company Roca, which is in a 50:50 joint venture with EID Parry, plans to invest 100 million in the country during the next two years. It is now scouting the Indian sanitaryware market for possible acquisitions. ...
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HPCL plans 13.5-mt crude import
Hindustan Petroleum Corporation Ltd (HPCL) plans to import around 13.5 million tonne (mt) crude oil in the current financial year. "Our imports will rise from 12.5 mt in 2006-07 to 13.5 mt this fiscal," said the HPCL Chairman and ...
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PERFORMANCE
Maruti re-engineers Parts Operation
Maruti Udyog has re-engineered its Parts Operation and put in place a modern Warehouse Management System to ensure round-the-clock delivery of spare parts to its 2,400 workshops across the country. The system, which has been designed in-house, ...
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India Inc notches up a high score
While sectors such as telecom, banking and construction sustained their growth rates, growth has been slower in IT and automobiles. Overall, however, Corporate India's earnings card has rekindled investor interest in the India story.
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