A fire was reported at the site of Reliance Petroleum’s under-construction export-oriented refinery at Jamnagar in Gujarat.The fire was reported at the “dumping ground” of the refinery, but it could not be ascertained if the unit had been affected or if there was any cas…

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Rediffusion-Y&R has bagged the account for Orra: The Diamond destination. The agency has been on a winning spree in the recent past with prestigious wins like Schwarzkopf and Sleepwell among others. Orra is India’s largest diamond retail chain with stores across 23 cities, kno…

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Shantiniketan, West Bengal: India seems more angry, divided, violent and intolerant than ever before, said Prime Minister Manmohan Singh on Saturday. …

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Finance Minister P Chidambaram was today moved as home minister and National Security Advisor M K Narayanan offered to resign from his post in the wake of the Mumbai terror attacks.Maharashtra Chief Minister Vilasrao Deshmukh and state Home Minister RR Patil have been put on notice. …

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Domestic institutional investors (DIIs) were net buyers of Rs 621.24 crore (provisional) today, according to data released by BSE.While DIIs made gross purchases of Rs 1,208.85 crore, gross sales totalled Rs 587.61 crore. Foreign institutional investors (FIIs) were net buyers of Rs 168.5…

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Sun Pharmaceutical today said it has acquired US-based drug ingredients manufacturer Chattem Chemicals for an undisclosed amount. The American subsidiary of Sun Pharma has bought Chattem Chemicals from Elcat Inc, the domestic drug firm said in a filing to the Bombay Stock Exchange. …

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Subex Ltd., a leading global provider of Operations and Business Support Systems (OSS/BSS), announced on Wednesday that Telekom Slovenije, Slovernia’s primary telecom operator, will be implementing the Revenue Operation’s Center’s (ROC) revenue assurance application usin…

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KS Oils today said it has acquired an edible oil refinery of Ambo Agro Products for about Rs 125 crore, following which its scrip surged over seven per cent.In a filing to the Bombay Stock Exchange (BSE), KS Oils said it would fund the acquisition of the edible oil refinery in Haldia Port…

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The US government agrees to guarantee about US$300bn of Citi`s troubled assets. It will also inject an additional US$20bn into the beleaguered US bank The US government has agreed to guarantee about US$300bn of Citigroup’s troubled assets. The Bush administration will also inject a…

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Dabur India has acquired 72.15% of Fem Care Pharma Ltd (FCPL), a leading player in the women`s skin care products market, for Rs2.03bn in an all-cash deal. Dabur India Ltd has announced the acquisition of 72.15% of Fem Care Pharma Ltd (FCPL), a leading player in the women’s skin car…

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