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Johnson
to buy Unilever unit in $1.6 billion deal |
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Cleaning products company
Johnson Wax Professional on Tuesday said, it would buy the institutional
and industrial cleaning business of Anglo-Dutch consumer products
group Unilever Plc for $1.6 billion to expand its product line
and international reach. |
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‘Cement
demand to rise 7% this fiscal’ |
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Cement demand is expected to
increase by nearly seven per cent during 2001-02, over that
of the corresponding period last fiscal, with an increase in
offtake in Karnataka, Gujarat, Andhra Pradesh and West Bengal.
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DRL,
Incyte Genomics in database sharing deal |
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In a bid to give a major impetus
to its research and development efforts, Dr Reddy’s Laboratories
Ltd has entered into a collaborative agreement with the US-based
Incyte Genomics Inc, a leading genomic information company,
enabling the Group to get access to their databases. |
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Charter
rates down on low crude offtake |
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The low offtake of crude due
to the dismal economic scenario globally has softened the tanker
charter rates in the Suezmax and Aframax tanker segment. The
low offtake comes even as crude prices have declined to as low
as $19 per barrel before recovering to around $22 per barrel. |
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