Reliance Petroleum (RPL), a unit of Mukesh Ambani-run Reliance Industries, may fully commission its 5,80,000 barrels per day only-for-exports refinery at Jamnagar in Gujarat by March but is likely to start producing some products by next month, a source said.The company is likely to begin…

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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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MUMBAI: Walt Disney Company (South East Asia) has raised its stake to more than 50 percent and has become the majority shareholder of UTV Software Communications, a UTV official said. Walt Disney recently acquired about 20 percent of UTV shares from the open market and increased its hol…

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MUMBAI: Foreign Institutional Investors on Friday shed equities worth Rs 4.52 crore, amid weak trading sentiments which pulled the barometer index down. In Friday’s market, FIIs were gross seller of shares worth Rs 1,143.64 crore and investors in equities valued at Rs 1,139.12 cror…

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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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WASHINGTON (AP) – Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.The new figures, released by the Labor Department Friday, showed the crucial e…

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MUMBAI: Maytas Infra Ltd has bagged Rs 222.25 crore contracts for four rural electrification works form Power Grid Corporation of India Ltd under Rajeev Gandhi Grameen Vidyut Yojana. Under the scheme the company will be electrifying 4125 villages. The company will be executing projects …

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MUMBAI: United Spirits Ltd on Monday announced the merger of Tamil Nadu-based Balaji Distilleries Ltd with itself, in an all-stock deal. The merger is effective April 1, 2009. The swap ratio fixed by the company is 2:55, i.e. every two shares of United Spirits for 55 shares held in Balaj…

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Honda Motor will cut 760 temporary jobs at its domestic plants by the end of January due to weak demand in North America and Europe, a spokesman said today.Honda President Takeo Fukui said there may be more job cuts next year among the number two Japanese automaker’s roughly 4,000 t…

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Hinduja flagship company Ashok Leyland today reported 60.22 per cent drop in total sales at 2,307 units in November this year as compared to 5,800 units in the same month last year.Domestic sales during the month stood at 1,788 units as against 5,366 units last year. …

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