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'Consolidation will happen in the domestic drug industry'
P B Jayakumar / Mumbai September 25, 2009, 0:10 IST

Haryana to replace diesel-based captive power with solar energy
The Haryana Renewable Energy Development Agency (Hareda) has decided to set up three solar power projects of 225 Kw capacity in Gurgaon district under a scheme launched to motivate commercial/industrial establishments to use solar energy, which is environment-friendly.

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Hyundai to invest Rs 800 cr on small car for India
South Korean car maker Hyundai will invest around Rs 800 crore to develop a small car for the Indian market that is likely to be launched in the next two years.
Corporate

Maharashtra set to get new govt tomorrow

Maharashtra is set to get a new government tomorrow as Chief Minister Ashok Chavan and his Deputy Chhagan Bhujbal are expected to take oath of office. - Maha govt formation delayed; Cong firm on Home - BoM net up profit 23% - Bank of Maharashtra net up 23% y-o-y - Genes in a twist - First session of Maha Assembly likely from Nov 3 - PSUs must improve their global competitiveness "The Chief Minister and the Deputy Chief Minister will take oath tomorrow," highly placed Congress sources said, adding that the Cabinet formation would take place at a later date. This indicates that the Congress and the NCP which returned to power for the third consecutive term were yet to reach an understanding on the sharing of portfolios. The Congress, which has won 20 seats more than its ally NCP, has been demanding a lion"s share in the government, including key portfolios like Home, Finance and Power. The NCP on the other hand has been insisting on 50 per cent share of the 42 ministries on offer, including key portfolios like Home, Finance and Power, which it has held since 1999 when the two parties first formed government. The delay in government formation had triggered calls by BJP leader Eknath Khadse that the BJP-Shiv Sena opposition alliance will seek imposition of President"s rule in the state if the new government is not in place by November three, when the tenure of the present Assembly expires.


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