CORPORATE
ANNOUNCEMENTS
Chauhan to take Bisleri to US
THE water king, Mr Ramesh Chauhan, is now set to take brand Bisleri across the globe. The man who sold off all his well-entrenched beverage brands to Coca-Cola in India has tirelessly rebuilt his fortunes around Bisleri, despite stiff competition ...
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Indal, Hindalco merger ruled out for now
THE Vice-Chairman of Indian Aluminium Company Ltd (Indal), Mr A.K. Agarwala, has ruled out the possibility of a merger in the immediate future between Indal and Hindalco Industries Ltd (Hindalco). Both are Aditya Birla Group companies and ...
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Ashok Leyland to step up R&D spend
AT the beginning of the current financial year, Ashok Leyland had planned for an enhanced R&D expenditure of about Rs 75 crore. The step-up was need-driven. But now the `150 per cent weighted deduction on in-house R&D expenses' that the Budge
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INSIGHT
Private sector smugness
OFF and on, observers of the Indian corporate scene come up with disturbing comments on the cursory nature of checks and controls exercised over private sector firms. Apparently, for all the talk of subjecting private ...
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ALLIANCES & JOINT VENTURES
Kamineni Hospital pact on health insurance card
KAMINENI Hospitals of Hyderabad has tied up with National Insurance for a tailor-made and value-added health insurance card for patients intending to avail themselves of medical services at NIC. Mr Gutam Naha, Group Vice-President (Marketing), ...
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OUTLOOK
Havell's India bullish on growth
HAVELL'S India Ltd, the Delhi-based manufacturer of electrical equipment, expects its revenues to rise by over 60 per cent in the current fiscal to Rs 650 crore on the back of strong growth in the housing sector. Riding on this growth, the ...
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With Hind Antibiotics `safe,' KAPL sees a ray of hope
IF Budget 2004 came to the rescue of ailing pharma public enterprise Hind Antibiotics, it was no less a reprieve for its subsidiary in Bangalore. The cloud of uncertainty hanging over Karnataka Antibiotics & Pharmaceuticals Ltd (KAPL) has ...
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TRENDS
Is it back to bank credit for cos?
ARE corporates finally starting to borrow funds from banks instead of raising money from the markets? Going by the latest figures released by the Reserve Bank of India, it appears that a number of them have been doing that. It indicates that ...
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