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Coimbatore units more open to equity tie-ups
Entrepreneurs in this traditional town of family- managed companies, popularly known as the Manchester of south India, are now more open to entering into equity collaborations with both domestic and international partners.

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Daiwa to buy out SMFG, ending bank venture
Daiwa Securities Group Inc, Japan’s second-largest brokerage, will buy out its partner Sumitomo Mitsui Financial Group Inc, ending their 10-year-old investment banking venture, two people familiar with the situation said.

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Aurobindo Phrama gets USFDA nod for veterinary drug
Drug maker Aurobindo Pharma today said its US-based joint venture firm has received approval from the drug regulator for its anti-bacterial veterinary medicine.
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Avon Corp posts Q1 net at Rs 3.38 cr

The Mumbai-based Avon Corporation has posted first ever quarterly net profit at Rs 3.38 crore in the first quarter of the current fiscal on a turnover of Rs 25.79 crore. - Nalco Q1 net profit plunges 76% to Rs 126 cr - Whirlpool India reports 13% growth in Q1 - TVS Motor Q1 net surges 150% at Rs 18 cr - Moser Baer India Q1 net profit at Rs 2.76 cr - ABB Q2 profit drops 36% to Rs 83 cr - Federal Bank Q1 profit jumps two fold to Rs 136 cr In the last financial year, the company had posted 272.34 per rise in net profit at Rs 7 crore as compared to Rs 1.88 crore in the previous year. Net sales from operations zoomed to Rs 79.59 crore from Rs 49.47 crore.


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