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GST, FDI can quadruple FMCG turnover in 10 yrs: Survey
Despite the economic slowdown, India’s Fast Moving Consumer Goods (FMCG) sector has grown consistently during the past three to four years, reaching a size of $25 billion (Rs 120,000 crore) at retail sales in 2008. The industry is poised to grow 10-12 per cent yearly for the next 10 years to reach $43 billion (Rs 206,000 crore) by 2013 and $74 billion (Rs 355,000 crore) by 2018. generic levitra

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'Accord appears to be complete betrayal of poor, weaker nations'
Business Standard / December 27, 2009, 0:21 IST

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Shri Renuka Sugars acquires Brazilian VDI
Shri Renuka Sugars has acquired "Vale Do Ivai S.A Acucar E Alcool (VDI)", a Brazilian sugar and ethanol production company. The acquisition includes two sugar and ethanol production facilities located in the southern state of Parana with a combined cane crushing capacity of 3.1 mn tonnes per annum. In addition, VDI holds strategic stakes in several logistics assets including terminals for staoarge and loading of sugar and ethanol at the port of Paranagua. Larger part of the sugarcane requirements at VDI are met through its own cultivation of more than 18,000 hectares of land on long lease.
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Shoppers Stop gets board's nod for raising funds

Fashion and lifestyle retail chain Shoppers Stop today said its board of directors has approved raising funds by allotting 40 lakh shares to qualified institutional buyers. - Sensex falls most in two weeks - FII-TO-FII TRADES: PNB traded at 7% premium - Thermax bags Rs 478 cr order from Orissa-based firm - Jindal Drilling bags Rs 635 cr ONGC order - Promoter entities sell 2.73 cr shares in TCS - FIIs net sell Rs 459cr, DIIs net buy Rs 117cr Calculated on the basis of yesterday’s closing price on the Bombay Stock Exchange (BSE), the company by allotting 40 lakh shares would garner an amount estimated at Rs 145.70 crore. The board of directors at their meeting held today approved raising funds and sought shareholders’ consent for the same, Shoppers Stop said in a filing to the BSE. Further, the board has also approached shareholders of the company to seek approval to issue up to 40 lakh warrants to promoter and promoters group company, each convertible into one equity share of the company, the filing added. Shares of the company yesterday closed at Rs 364.25, down 3.79 per cent on the BSE.


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