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Srivastava takes over as Nalco CMD
Abhay Kumar Srivastava, the chairman and managing director of Cement Corporation of India (CCIL) today took over as CMD of navratna public sector unit, National Aluminium Company Ltd (Nalco).

Lupin to borrow up to Rs 500cr; appoints Deloitte as auditor
Pharma firm Lupin today said it will borrow up to Rs 500 crore from corporate bodies and various financial institutions.

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JSW Energy listing tomorrow; issue price at Rs 100
Power producer JSW Energy, which raised Rs 2,700 crore through initial share sale last month, will list its shares on the bourses tomorrow.
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Mahindra Renault clarifies on 'Sandero' brand

Clarifying on the issue Nalin Mehta, CEO, Mahindra Renault has said. We have filed a reply requesting the Honorable court for removal of Mahindra Renault"s name as the defendant. Mahindra Renault does not have any ownership of the "Sandero" brand. Mahindra Renault has never used or promoted the brand. The Sandero brand belongs to Renault and we have no locus standi on the brand. Our appeal with request stated above is filed with the Court and awaits hearing. Cox & Kings Q3 net jumps 88% to Rs 19 cr UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit "They (Mahindra Renault) are planning to launch Sandero, which is very similar sounding to our Santro. Both are hatchbacks and Santro is an established trademark and they are trying to get mileage out of it," a senior Hyundai Motor India (HMIL) official told PTI. HMIL"s plea requests the court not to allow Mahindra Renault to launch the car under the name Sandero, he added. Neither a call made to Mahindra Renault Chief Executive Officer Nalin Mehta nor an e-mail sent to Mahindra & Mahindra group spokesperson seeking comments on the development got a reply. "Santro" is HMIL"s flagship brand and a total of over 15 lakh units have been sold both in the domestic and the overseas markets since its launch in September 1998. On the other hand, Mahindra Renault has been struggling to mark its presence in the Indian car market with its sole product Logan failing miserably sparking speculations of a break-up of the joint venture between Mahindra & Mahindra and French auto major Renault. Market analysts pointed out that the firm desperately needs another product to keep the JV alive.


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