DCA to refer select cases to serious frauds probe office
New Delhi: The department of company affairs will forward certain cases it is investigating to the Serious Frauds Investigation Office which is expected to become operational by end-February. The SFIO will function under DCA.

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Boeing, Airbus asked to submit bids by Jan 17
New Delhi: Boeing Inc and Airbus Industrie have been asked to submit their financial and techno-economic bids for the proposed fleet acquisition of Air India by January 17.
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Radico Khaitan launches Special Appointment whiskey
Mumbai: After 8PM, it’s time for Special Appointment. Radico Khaitan Ltd has unveiled its latest whiskey in the semi-premium segment 'Special Appointment' in Maharashtra.
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Ceejay unveils NuLife for tobacco addiction treatment
New Delhi: Ceejay Healthcare launches nicotine replacement therapy in India under the brand name NuLife to eliminate tobacco addiction. NuLife is priced at an affordable Rs 2.50 per gum as against the international level of Rs 24 for similar chewing gums.
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Samsung turnover at Rs 1,700 crore
New Delhi: Samsung India Electronics is targeting a sales of Rs 2,800 crore for its consumer electronics and home appliances businesses in 2003. The company has achieved a sales turnover of Rs 1,700 crore in calender year 2002
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Microsoft opens guarded source code to govts Asian
New Delhi: In an unprecedented move, Microsoft said on Tuesday that it would open its source code -- the software giant's closely guarded blueprints for programs -- to governments and international organisations worldwide.
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ICC receives Indian players' contracts
New Delhi: The International Cricket Council (ICC) said it received signed but "altered" World Cup contracts from India on Tuesday, continuing the confusion over whether the players have agreed to play in the tournament starting next month.
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Moody's cuts RIL outlook from stable to negative
New Delhi: Global rating agency Moody's Investors Service on Wednesday changed its outlook on Reliance Industries (RIL) from stable to negative. The rating agency said that the change in rating reflects concerns about the Reliance group's expansion plans and related business as well as financial risks.
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Transworks plans to raise $5-7m in third round
Mumbai: Mumbai-based BPO (business process outsourcing) firm Transworks is planning to raise between $5m and $7m in its third round of funding during March this year.
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Toyota Corolla priced at Rs 9.8 lakh
New Delhi: Toyota Motor Corporation, the third largest automaker in the world, yesterday announced the launch of its popular model, the Toyota Corolla, in India.
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Nicholas Piramal shareholders okay Global Bulk Drugs merger
Mumbai: Nicholas Piramal India Ltd (NPIL) has informed that its shareholders at Tuesday's court convened-meeting, approved the scheme of amalgamation of Global Bulk Drugs and Fine Chemicals Pvt Ltd (GBDFC) and NPIL.
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Naidu offers more land for Infosys Hyderabad centre
Hyderabad: Infosys Technologies Ltd, the country's leading end-to-end technology solutions provider, has outlined its Hyderabad expansion plans which involves an investment outlay of Rs 100 crore and additional manpower of about 1,300 in Phase II and III within the next 3 years.
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MoU signed for golf course near Hyderabad
Hyderabad: Prajay Engineers Syndicate Ltd, a major construction company, has entered into a MoU with the Andhra Pradesh Tourism Department at the recently held Partnership Summit for developing an 18-hole, full-fledged golf course of international standards, a theme park and hospitality services on a 150-acre site to be allotted by the Government for the project.
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Armour to focus on Asia
Chennai: Armour Consultants Pvt Ltd (ACPL), the Chennai-based risk management insurance consultancy services company, has announced its plans to spread its wings into Asian countries over the next couple of years.
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Reliance's IndiaMobile services to roll out today
Mumbai: Reliance Infocomm's `IndiaMobile' limited mobility telephone service commences rollout tomorrow, with the start of customer registrations and country-wise product and service demonstrations in all major cities and towns across the country.
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Radico Khaitan plans Rs 25-cr investments
New Delhi: The liquor company, Radico Khaitan Ltd is on an expansion mode with investments of up to Rs 25 crore to increase production facilities. The company is also looking at using Mauritius as a hub for exports into Gulf and African countries of some of its brands.
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Indians to get a taste of Guyanese rum soon
Hyderabad: Demerara Distillers Ltd (DDL), the Guyana-based over $6-billion manufacturer of alcoholic beverages is set to commence its Indian operations shortly.
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Ford hopes to sell 20,000 cars this year
Mumbai: Ford India Ltd hopes to sell 20,000 cars in India in 2003, up from 15,000 cars that were sold in 2002. Export of Ikon variants has been pegged at 30,000 units in the current calendar year.
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