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We won’t cut prices, say steel makers (rediff.com)
Posted on May 15th, 2009 No commentsDomestic producers of hot rolled steel, the intermediate that is used by automobile and consumer durables manufacturers, have emphatically ruled out the possibility of dropping prices ahead of the imposition of a safeguard duty on imports.
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Broker FIS sees iron ore swaps growth – Guardian Unlimited
Posted on May 15th, 2009 No commentsLONDON, May 15 (Reuters) – Volumes in the nascent iron ore swaps market are expected to reach up to 15 million tonnes this year as price volatility prompts steelmakers and miners …
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Maruti Suzuki to demonstrate 10 hybrid vehicles in Commonwealth Games
Posted on May 15th, 2009 No commentsMaruti Suzuki India on Friday said it was working on hybrid vehicles, which are expected to be demonstrated in the Commonwealth Games next year, as part of a hybrid development project by the government.
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INTERVIEW-Broker FIS sees iron ore swaps growth – ninemsn
Posted on May 15th, 2009 No commentsLONDON, May 15 (Reuters) – Volumes in the nascent iron ore swaps market are expected to reach up to 15 million tonnes this year as price volatility prompts steelmakers and miners to seek alternative pricing mechanisms, a brokerage firm said on Friday …
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We won’t cut prices, say steel makers
Posted on May 15th, 2009 No commentsRaw material prices are above 2007 levels whereas finished product prices have fallen, they argue.
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Voltamp defers construction of new facility to save cost
Posted on May 15th, 2009 No commentsVoltamp Transformers Ltd, one of the leading transformers makers in India, has deferred the construction work of its new manufacturing facility at Savli in Vadodara to save cost.
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Torrent Pharma’s net profit up by 36% for 2008-09
Posted on May 15th, 2009 No commentsThe company’s sales for the last quarter of the year stood at Rs. 400 crores, up by 25 per cent from Rs. 320 crores of the comparable quarter. During the quarter the key domestic formulation business recorded sales of Rs 139 crores, growing 17 per cent. Sales outside India jumped by 31 per cent to Rs. 217 crores with healthy growth across all geographies.
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MCA wants PSUs to relax bidding norms for Satyam
Posted on May 15th, 2009 No commentsThe Ministry of Corporate Affairs (MCA) has written to various ministries, including telecom, railways and steel, to tell their public sector undertakings (PSUs) to exempt the crisis-ridden Satyam from submitting balance sheets while bidding for projects as the IT firm has yet to finalise its accounts.
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Ireland wants to increase bilateral trade with India
Posted on May 15th, 2009 No commentsIreland is looking at increasing bilateral trade with India and attracting more investments from science and technology, agrotech industries, pharma and IT industries.
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Pantaloon April sales up
Posted on May 15th, 2009 No commentsThe Kishore Biyani-promoted Future Group firm, Pantaloon Retail India, has seen sales from its value, home and lifestyle retailing segments jump over 20 per cent in April as against sales clocked in the same period last year.
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