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CORPORATE
ANNOUNCEMENTS
Agro Tech Foods to trim exposure in commodities biz
To focus more on value-added products
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PREFERENTIAL ALLOTMENTS
Provogue shareholders okay biz plans
Provogue India Ltd has informed the BSE that the shareholders at the EGM held on February 16, have approved increase in the company's authorised share capital from Rs 18 crore to Rs 23 crore and amendment to the capital clause ...
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OVERSEAS BORROWINGS
Suryajyoti Spg to issue FCCBs
Suryajyoti Spinning Mills Ltd has informed the BSE that the company's board meeting on February 16, has allotted 10,000 Foreign Currency Convertible Bonds of $1,000 each aggregating $10 million. ...
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NEW BUSINESS
Lokesh Machines bags German export order
Lokesh Machines Ltd has announced it has bagged an export order of Rs 20 crore for supply of machine tools and automotive components to German company Wenig Wemas. The company said it has also completed the expansion project for supply of ...
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ESOPS
Dr Reddy's stock option allotment
Dr Reddy's Laboratories Ltd has informed the BSE that pursuant to Dr Reddy's Employees Stock Option Scheme, 2002, the Compensation Committee of the company has allotted 70,782 equity shares of Rs 5 each on February 16, to a ...
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MERGERS & ACQUISITIONS
Spanish co buys stake in TACO arm
Automotive Stampings & Assemblies Ltd, a subsidiary of Tata AutoComp Systems Ltd (TACO), said on Saturday that the Spanish company, Gestamp Servicios SL, would acquire a 37.5 per cent stake in the company. The acquisition ...
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ALLIANCES & JOINT VENTURES
Tubeknit venture with Swiss co
Swiss India Textile Fashions Pvt Ltd, the 50:50 joint venture textile manufacturing company being floated by the Tirupur-based Tubeknit Fashions Ltd with a Swiss partner, is expected to go on stream over the next one year, ...
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Tamilnadu Petro in pact with Shell
Tamilnadu Petroproducts Ltd (TPL) has signed a `master swap agreement' with Shell International Trading and Shipping Company. The agreement will enable TPL to manage the price risks associated with its typically price-volatile ...
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INTERVIEW
Need long-term research incentives for pharma sector
With the new patent regime, the pharma industry will be spending 10-15 per cent of income on research. The Government must provide financial impetus to encourage research for the next 10-15 years. MR AJAY PIRAMAL, CHAIRMAN, NICHOLA S PIRAMAL INDIA LTD.
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EVENTS
`IT industry lacking in mature processes'
There is opportunity in every obstacle, seems to be the message that Mr N. Chandrashekaran, executive Vice-President, Tata Consultancy Services Ltd, wished to convey in a session on `Leadership-to-Dominance.com', at the annual convention of the ...
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India Inc investment pipeline at $500 b: Kamath
The investment pipeline of corporate India is of the order of $400 to 500 billion (or about Rs 20, 00,000 crore), according to Mr K.V.Kamath, Managing Director, ICICI Bank. Based on internal estimates, he said, corporate India was now sitting ...
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OUTLOOK
Witzenmann to help develop solution for auto emission
The recent boom in automobile sector in India seems to have encouraged Witzenmann GmbH of Germany to enter the Indian auto market with its latest environment-friendly exhaust gas technology for diesel operated commercial vehicles. The company ...
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