Fresh shares for smooth sailing of SCI listing
New Delhi: The central government and the successful strategic partner will issue fresh shares to ensure that Shipping Corporation of India is listed on the stock exchanges in case the public holding falls below the minimum threshold limit.
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Sony move to buy out Discovery in JV fails
Mumbai: The Foreign Investment Promotion Board has refused to grant advance permission to Sony Entertainment Television, a wholly owned subsidiary of the Japanese multinational Sony Corporation, to buy out the minority partners in its joint venture distribution company in India and convert it into a 100-per cent subsidiary.
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Suzuki to renominate Jagdish Khattar as MD
New Delhi: After taking control of Maruti Udyog, Suzuki Motor Company has taken its first management decision to renominate Jagdish Khattar as the managing director of the company.

Under the terms of the new joint venture agreement, Suzuki had got the right to nominate a new managing director as Khattar was a government nominee under the earlier agreement. Suzuki has decided to retain Khattar as the MD, who is credited with the turnaround of the company in the last year. Suzuki has informed the government of its decision.
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South Eastern Coalfields new mining technology
Kolkata: South Eastern Coalfields Ltd, one of the largest coal producing subsidiaries of Coal India Ltd, has made a major breakthrough, introducing for the first time in the country, the continuous miner technology at Zero Seam underground level.
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Rupa & Co to merge five group companies
Mumbai: The Rs 180-crore hosiery major Rupa & Co Ltd, which is still in the process of searching for a suitable foreign brand for the premium market segment, is currently merging five of its group subsidiaries into the company.
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Akzo Nobels global R&D centre near Bangalore
Bangalore: Akzo Nobel, a global player in car refinishes, has announced the establishment of an international research centre in Hoskote, near Bangalore. The centre will not only play a major role in the growing market for car refinishes.
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ICSI borrows directors concept from Singapore
New Delhi: The Institute of Company Secretaries of India (ICSI) has borrowed an idea on directors' responsibilities from a regulatory authority in Singapore.
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Kotak Mahindra to look after Maruti IPO
Mumbai: Kotak Mahindra Capital Company has been given the mandate to lead manage and run the book for the government for the forthcoming Maruti Udyog Ltd IPO.
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More Swatches to be launched soon
Mumbai: The premium watchmaker Swatch has decided to launch more designer labels in the market soon.
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Guarantee to recast HOCL debt soon
New Delhi: The government is set to provide a guarantee for restructuring the high-cost debt of Hindustan Organic Chemicals, which is up for divestment in June 2002.
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Gail wants to offload 5% to assess value
New Delhi: Gas Authority of India has approached the petroleum ministry with a proposal to divest 5 per cent of the stake in the open market to get an idea of the real value of their shares.
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Maharashtra BPCL dealers may hike fuel price
Mumbai: Petrol and diesel prices may rise again next month in Maharashtra with the dealers threatening to increase the prices of the two petroleum products by 1 per cent with effect from 10 June 2002.
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SECL, UK firm join hands for mining
New Delhi: South Eastern Coalfields Ltd, a Coal India Ltd subsidiary, has tied up with a British mining machinery manufacturing giant, Joy Mining Machinery, for installing continuous miner at its zero seam underground mine in the Chirimiri area of Chhattisgarh.
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Concor plans trucking service for air cargo
Pondicherry: Container Corporation of India Ltd, a major multi-modal logistics service provider, is planning to offer air-cargo bonded trucking service at its inland container depot in Pondicherry.
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TGA nod to Natco Pharma for manufacturing unit
Hyderabad: Natco Pharma Ltd, an integrated pharmaceutical and bulk chemicals manufacturer, has bagged approval from Therapeutic Goods Administration, Australia, for its manufacturing facility at Mekaguda in Mehabobnagar.
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