Daewoo's plea for fresh import licence spiked
The directorate general of foreign trade (DGFT) has rejected Daewoo Motors India's application for a fresh import licence. Daewoo's application to re-validate the existing import licence was also turned down some time back.

Alfa Laval may transfer dairy wing to Tetra Pak
Alfa Laval India Ltd (ALIL) is evaluating the possibility of exiting from the dairy business in favour of Tetra Pak. This would be in line with the Swedish group's worldwide business strategy, where the dairy processing industry is with Tetra Pak.

German Remedies plans to invest Rs 50 cr in corporate entities
German Remedies plans to invest up to Rs 50 crore in other corporate entities, either in India or abroad, engaged in the pharmaceutical, chemical, healthcare or allied businesses.

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