India News

The government will invite expression of interest from financial institutions for selling a part of its remaining stake in Maruti Udyog Ltd next week.

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LG, the largest player in the Indian IT peripherals, will ramp up its production capacity for conventional monitors and personal computers (PCs) in the country. 

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If you didn’t invest in mutual funds because you feared that you would not get your money when you wanted it urgently, well, Reliance Mutual now has a solution. If you want your money deployed in Reliance Regular Savings Fund (RRSF), all you have to do is to swipe a debit card.

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Cadila Healthcare Ltd has forged 50:50 joint venture with Bharat Serums and Vaccines Ltd for manufacturing and marketing oncology products.

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SBI Capital Markets has arranged Rs 1,170 crore of 14-year loans at a fine pricing of 8.75 per cent for Gangavaram Port Ltd, a special purpose company promoted for developing and operating the port in Visakhapatnam region.

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Mumbai based "Mocha", a leading coffee and desert destination, has drawn out a massive expansion plan to go international and launch 65 outlets in the country, involving an investment of more than Rs 30 crore.

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The government has allowed Oil India (OIL) to form a special purpose vehicle (SPV) with Indian Oil Corporation (IOC) for undertaking overseas projects including acquisition and exploration.

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Bennet, Coleman & Company chairman Indu Jain is in the 17th position on the Forbes' richest Indian list.

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Air India, the country's flag carrier, will begin receiving the first of its 35 mint new Boeing aircraft from 2006, with the last plane being delivered in 2013.

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Glaxo SmithKline Pharmaceuticals Plc is planning to make GSK India’s Thane manufacturing facility a global sourcing hub for active pharma ingredient (API) for its top-selling steroid betamethasone.

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China National Petroleum Corporation (CNPC) and India’s Oil and Natural Gas Corporation (ONGC) are close to clinching a purchase of Syrian assets worth about $1 billion in a deal driven by the hunger for energy of two of the world’s fastest-growing economies.

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Tata Motors has mandated Canadian firm CVTech Group Inc to produce continuously variable power transmission (CVT) units in India for its Rs 1-lakh car through a possible joint venture with New Delhi-based Ruchkika Engineering Private Ltd. 

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According to the annual Forbes Asia list of India's 40 richest people, Lakshmi Mittal is the country's richest person with an estimated wealth of $20 billion.

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