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FDC closes buy-back offer; promoters' stake rises to 65.76%
Drug maker FDC today said it has bought back shares worth Rs 17.78 crore from its shareholders, following which the promoter group"s holding in the company has increased to 65.76 per cent.

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.

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Newsmaker: Narayan Datt Tiwari
Shishir Prashant / Dehradun January 1, 2010, 0:23 IST
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Skoda Auto sales up 183% in November

Car maker Skoda Auto India today reported a 183 per cent jump in its total sales at 1,425 units during November this year as against 504 units in the same month last year. - GM India sales up 65% in November - Hyundai to invest Rs 800 cr on small car for India - Steel Strips Wheels bags order from Renault - Ford launches special edition of Fiesta - Audi sales jump 8% in October - GM scraps Opel sale; to embark on European biz restructuring "The launch of the all-new Skoda Superb and the new Laura in the Indian markets have been the main drivers behind SkodaAuto India"s record increase in sales. The all-new Superb, in particular, continues to outperform expectations," Skoda Auto India Board Member (Sales and Marketing) Thomas Kuehl said. "We are considering a price hike between Rs 10,000 and Rs 20,000 on all cars in the coming month. This rise is being considered due to various inflationary pressures and increase in raw material costs," Kuehl said. Skoda India is a subsidiary of Skoda Auto (Volkswagen Group), a leading car manufacturer in Europe. The company has a network of 62 dealerships across the country and has sold over 79,440 units since November 2001.


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