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Crompton eyes overseas acquisition
Billionaire Gautam Thapar plans to buy companies to expand India’s third-largest equipment maker and add capacity in the nation’s biggest paper maker as demand in the world’s fastest growing major economy after China surges.

Tr(e)ading with caution
Three friends went to college together, became software engineers, went to Silicon Valley, got cushy jobs and, after a few years, decided to become entrepreneurs. Sounds like a run-of-the-mill story? But this is where Tushar Makhija’s story takes a serious turn. It’s common to hear of entrepreneurs struggling to get that one big idea to start a business, but for Makhija and his two other friends, it was simply about taking inspiration from several popular online portals and creating a unique one of their own.

News of the day

Marginal decline in networth
The pre-Diwali rally fizzled out last week as markets players opted to book gains. However, in Smart Portfolios only Amar Ambani got into profit-taking mode. Ajay Parmar was the only other active fund manager with one trade on each side (buy & sell). On the other hand, Amar Ambani executed 12 trades, out of which 10 were on the sell side. He was a net seller of stocks worth Rs 3.65 lakh. Phani Sekhar and Praveen Panjwani continued to remain on the sidelines.
Public Company

CHD Developers' looks to expand education arm

Real estate firm CHD Developers" is looking to expand its education business and plans to open around 500 pre-schools in the next five years across the country. - Developers in state rate draft above final township policy - "JNNURM has taken on a whole-slum approach" - Retailers make a comeback from the margins of crisis - No fine for late delivery of flat if exact date is not assured: NCC - Don"t follow Chinese in establishing SEZs: Book - Credai welcomes cut in stamp duty on residential projects The company is looking at the franchise route for opening its "Aadyant Global Pre Schools" in various cities and has started discussions with prospective clients for the project. "We are aiming to set up around 500 schools under our umbrella within five years. The first phase will include setting up of 100 new pre-schools in over 25 cities across India by 2011," Aadyant Education (AEPL) Chairman R K Mittal said. He said AEPL, the education arm of CHD Developers, has been running one pre-school in Delhi for the past few years and now wants to tap the market further. "We have been running one pre-school in Delhi for some years and its success has prompted us to seriously consider expanding the process. We are looking at cities like Mumbai, Bangalore, Pune, Chandigarh and Ludhiana, besides the NCR region as our potential market," he said. AEPL has started discussions with various prospective franchise partners, he said, without providing details. Mittal said the company is also in talks with other real estate firms to include Aadyant schools in integrated township projects. "We expect to announce a couple of such tie-ups in the next few weeks," he added.


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