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Biscuit makers say they may be forced to raise prices
Rising sugar prices are pushing biscuit manufacturers to plan a rise in their prices. The industry says commodity prices have reached a level beyond which it would be impossible to sustain the pressure and there is no other choice but to pass some of it on to consumers.

India Inc mops up Rs 40,000 cr via debt in Q1
India Inc"s fund raising through private placement of debt surged 42 per cent to Rs 40,300 crore in the first quarter of the current fiscal, with over half of the fund being mobilised by financial institutions.

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Aditi sharpens focus on services; to double headcount
Aditi Technologies, an outsourced product and application development firm, is increasing its focus on intellectual property (IP)-led domain services for which it plans to double its headcount to over 2,000 people over the next 18 months. The company hopes this move will help it cross the $120 million mark in revenues during the same period.
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Shriram Pistons to invest Rs 225 cr to set up plant

Auto component maker, Shriram Pistons & Rings is planning to invest Rs 225 crore for setting up a new manufacturing facility at Pathredi, Rajasthan. - Fiat aims to sale 50,000 units in next fiscal The new plant will be operational by 2010. "We are planning to invest Rs 225 crore over the next two years for new plant at Pathredi which will manufacture Pistons and some other auto components," Shriram Pistons & Rings Managing Director A K Taneja told reporters on the sidelines of Annual ACMA conference here. He said, the investment would come from the company"s internal accruals and debt. The company is looking to achieve a turnover of Rs 700 crore during this fiscal, up from Rs 600 crore last year. "The domestic demand from two wheeler and four wheeler industry is increasing. Although, the commercial vehicle segment is yet to pick up. However, component making companies have started to reinvest in the business," Taneja said. Shriram Pistons & Rings has witnessed a significant decline in its exports this year. "Exports constitute 25 per cent of our total annual sales and we have seen a 20 per cent decline in exports this fiscal. It will take before the exports market picks up again," he added.


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