Escorts group rules out majority stake for overseas partners in ventures
The Escorts group will not give a majority equity to its foreign partners in the two joint venture companies, Escorts JCB and Escorts Claas. Escorts plans to invest $15 million in the overseas subsidiary.

Sun Pharma's Chennai staff, workers up in arms over mass transfer
The staff and workers of Sun Pharmaceutical Industries in Chennai are an angry and anxious lot not knowing whether to give up their jobs or take a transfer to any one of Sun Pharma's numerous units located in western India.

HM, BEML vie for HMT tractor venture
Bharat Earth Movers Ltd (BEML) and Hindustan Motors (HM) have entered the fray to bid for the ailing tractor division of HMT. The entry makes the venture race gruelling, with others like Mahindra & Mahindra, Tractors and Farm Equipment Ltd (Tafe) and Telco already in the race.

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