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Indian Oil to deposit Rs 979 cr as entry tax to UP
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Cash-strapped Indian Oil Corp (IOC) will have to pay over Rs 979 crore in unpaid entry tax to the Uttar Pradesh Government in the next two weeks after the Supreme Court asked the company to deposit half of the unpaid liability in cash.
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TVS Motor's January sales up 5 per cent
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TVS Motor Co, India's third-largest two-wheeler maker, said on Wednesday its total sales in January rose 5 percent from a year earlier.
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Under pressure, CIL pares prices by 12.5%
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Pressure on power utilities to raise electricity charges immediately will ease as state-run monopoly Coal India (CIL) on Tuesday pared coal prices by 12.5% by delinking domestic pricing from international markets.
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Coal India cuts prices under new pricing method; agrees for 30% wage hike
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Following protests from consumers in power and other sectors, Coal India Ltd has rationalised prices under the new Gross Calorific Value (GCV) based mechanism effective January.
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Gujarat Govt asks Essar to repay Rs 6,300 cr sales tax
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Days after the Supreme Court overturned a ruling that allowed Essar Oil to defer payment of sales tax, the Gujarat Government has asked the company to repay about Rs 6,300 crore sales tax plus
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TVS Motor standalone net rises to Rs 57 cr
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Two-wheeler major TVS Motor Company has reported a 1.4 per cent rise in standalone net profit for the quarter ended December 31, 2011, at Rs 56.53 crore.
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Bajaj Auto unveils new Pulsar 200NS
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Bajaj Auto on Monday unveiled a new motorcycle model -- Pulsar 200NS -- which will be commercially launched in the beginning of the next fiscal.
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Honda Motor plans diesel variant of Brio to increase market share
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Honda Motor could introduce the diesel variant of its high-selling compact car "Brio" in India this year, bringing forward plans to tap a car market skewed away from costly petrol.
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Coal India shaves coal prices
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Generation utilities are expected to get some relief shortly as Coal India Ltd on Monday decided to rationalise prices in narrow bands for various grades of coal
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Dell readies Rs 5,000 crore war chest for India buyout to boost IT business
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Dell is on the prowl for an India acquisition worth up to $1 billion (Rs 5,000 crore), part of a strategy to bolster its information technology services business and compete better against the likes of IBM and Accenture.
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Suzlon arm bags order from US firm enXco
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REpower Systems, a wholly owned subsidiary of Suzlon Energy, has bagged a contract for delivering 25 wind turbines from US-based enXco.
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KPIT Cummins announces 1:1 bonus
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In a surprise move, KPIT Cummins Infosystems Ltd announced a 1:1 bonus issue on Tuesday.
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VFS to open Hungarian visa application centre in Delhi
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Aiming to deliver 10,000 visas by the end of this year in India, Embassy of Hungary today collaborated with outsourcing and technology service provider VFS Global to speed up application process.
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Renault has seen RE60, not confirmed interest: Rajiv Bajaj
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Renault-Nissan officials have had a look at Bajaj’s new "four-wheeler" RE60, but are yet to confirm if they are interested in selling the vehicle, Bajaj Auto’s Managing Director, Mr Rajiv Bajaj, has said.
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Bajaj Auto launches sports bike KTM Duke 200
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To strengthen its position in sports bike market in India, Bajaj Auto, in collaboration with Austrian manufacturer KTM, Tuesday launched its 200cc power bike Duke 200, priced at Rs.1.17 lakh
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L&T Q3 net profit up 18% at 992 crore
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Driven by efficient execution of orders, engineering and construction major Larsen & Toubro (L&T ) on Monday posted an 18% growth in net profit to Rs 992 crore for the third quarter as compared to Rs 841 crore in Q3 FY11.
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Bullish FIIs raise exposure to IT companies
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Foreign institutional investors (FIIs) reduced their overall exposure to India in 2011.
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Maruti Suzuki Q3 net slides 64%
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Car major Maruti Suzuki failed to follow two-wheeler companies in reporting strong earnings in the third quarter as forex losses and lower sales depressed its year-on-year profit by 64%.
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IndiGo may go in for widebody A-330
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The big boys of Indian aviation may be struggling to survive but a desi low-cost carrier is eying to enter a select league of budget carriers globally that operate widebody aircraft on medium to long-haul routes.
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Idea Q3 net profit dips 18%
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Aditya Birla Group firm Idea Cellular on Monday reported 18% dip in consolidated net profit to Rs 200.9 crore for the quarter ended December 31, 2011, on account of higher depreciation
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Ramky Infra arm wins Rs 1,034-cr road project
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Ramky Infrastructure Ltd, through a step-down subsidiary, has signed a concession agreement with National Highways Authority of India (NHAI) for a Rs 1,033.65-crore road project
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1 dead, 5 injured in MRPL accident
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One person died and five persons were injured in an accident at MRPL (Mangalore Refinery and Petrochemicals Ltd) on Saturday.
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Infosys to get another 30 acres of land in Indore
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The state government is now identifying another 30 acres of land along the super corridor to be handed over to the Information Technology major Infosys Limited.
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Hero’s Q3 net vrooms 43%
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Hero MotoCorp, the country"s biggest bike maker, reported a 43% rise in net profit for the third quarter ended December 31, 2011.
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Wipro net profit up 10% in third quarter
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Wipro Ltd reported net profit of Rs.1,456 crore (Rs 14.56 billion) for the third quarter (October-December) of this fiscal (2011-12), registering 10% year-on-year (YoY) growth as per the Indian accounting standard.
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