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Tata Motors is reportedly undertaking a block closure of its commercial plant in the western Indian city of Pune for three days from 29 December 2008. High interest rates and unavailability of finance had depressed demand for its vehicles, the reports added.
Thomas Cook India priced its rights issue of shares at Rs 35.50 each. The shareholders will get 35 shares for every 100 held, the company said in a statement.
Titan Industries may reportedly look at spinning off its precision engineering division into a joint venture company. The division has a top line of around Rs 75 crore.
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