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Wednesday, January 12, 2005

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ANNOUNCEMENTS


Hero Mindmine enters corporate training segment
HERO Mindmine, part of the Hero Group and a business division of Hero Corporate Service Ltd, has announced its intention to join the corporate training segment and expand its business focus. The company aims to be an integrated learning ... More

Shaw Wallace move to put liquor biz on block — `SABMiller has complete control over SWC beer brands'
THE global brewing giant SABMiller today said it has complete control over Shaw Wallace's portfolio of beer brands and ruled out any impact on its beer business following the latter's move to sell off brands such as Royal Challenge and Haywards ... More

Arvind Mills gets US rights of Italian fashion denim brand
MR Sanjay Lalbhai of Arvind Mills is on a trans-Atlantic flight of different sorts. He has acquired the American rights of Italian designer denim brand, REDS. Arvind Mills inked an agreement with RED 5, a company promoted by ace designer Mr ... More

Eli Lilly cuts insulin prices
WITH increasing competition in the anti-diabetes segment, Eli Lilly and Company [India] Pvt Ltd has reduced the price of its 100 IU/ml range of Huminsulin vials [Human Insulin-r DNA origin]. The company had earlier cut prices on its 40 IU ... More

Surana Telecom promoters reduce holdings to 54.2%
SURANA Telecom promoters have reduced their holdings to 54.20 per cent from 70.78 per cent as on September 30, 2004. Mr Narendra Surana, Managing Director of the company and one of the promoters, confirmed to Business Line that promoters, ... More

Panyam Cements to allot shares
HYDERABAD: Panyam Cements & Mineral Industries Ltd has informed the bourses that its board meeting will be held on Wednesday to consider and allot 7,10,000 equity shares of Rs 100 each to M/S SPY Reddy and Associates as authorised by the ... More

BUYBACK


RIL buys 3.12 lakh shares on day 2
MUMBAI: Reliance Industries on Tuesday bought 3.12 lakh shares from the market as part of its buyback programme. According to stock exchanges data, Reliance purchased shares at an average price of Rs 529.58 per share and the total ... More

CORPORATE BONDS


Crisil reaffirms rating on Tata Motors
CRISIL has reaffirmed the `AA+/Stable/P1+' ratings outstanding on the debt instruments of Tata Motors Ltd. The rating reaffirmation follows the announcement of the merger of Tata Finance Ltd (Tata Finance) with itself. Tata Motors' current ... More

NEW PROJECTS


Carl Zeiss sets up facility in Goa
CARL Zeiss, world's largest lens manufacturer, has set up its first manufacturing facility in Asia, in Goa. With this, India will act as the hub for the region and also an important sourcing destination for the Carl Zeiss network. For this, ... More

ALLIANCES & JOINT VENTURES


Glenmark arm in marketing deal with two US firms
GLENMARK Pharmaceuticals Inc (GPI) has signed two partnership deals with the US-based companies Interpharm and Konec for pain medicine Naproxen and cardiac drug Nitroglycerin, respectively. Glenmark will be responsible for marketing the two ... More

INTERVIEW


`BHEL aims at Rs 12,500-cr turnover by 2006-07'
Bharat Heavy Electricals Ltd (BHEL) is one of the largest engineering and manufacturing enterprise in the energy and infrastructure sectors. The state-owned company manufactures over 180 products under 30 major product groups and caters to ... More

SOCIETY & DEVELOPMENT


Arvind Mills donates Rs 1 cr for tsunami relief
ARVIND Mills, the cotton textile manufacturer, has contributed Rs 1 crore towards the Prime Minister's National Relief Fund in aid of the victims affected by the tsunami that hitthe country's southern coast. The company also donated denim and ... More

OUTLOOK


Metropolis plans labs in Hyderabad, Kolkata
METROPOLIS Health Services (I) Pvt Ltd, a chain of clinical laboratories company, would have its centres in Hyderabad and Kolkata by April next. After Hyderabad, it would go to Kolkata as part of its plans to cover all the major cities in the ... More
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`BHEL aims at Rs 12,500-cr turnover by 2006-07'

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In Focus

BHEL Disinvestment
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India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Jan. 2-Jan. 8
ECIL ties up with US co for inspection systems

GM sales rise 73% in 2004

Birla Group to merge two sugar mills

Maruti hikes prices of all models except 800

Decade-old RBI probe questions fund mop-up by RIL satellite cos

Ambanis may maintain status quo in face of huge tax incidence


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