Polysindo group gets off takeover trail; opts for consolidation
The Indonesia-based Polysindo group has dropped its plans for any further takeovers in India. It has instead decided to consolidate on its two recent acquisitions -- Best & Crompton and JCT's synthetics fibre division.
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German semiconductor firm shelves venture plan
Germany-based Temic Semiconductors has shelved its proposed joint venture plan to set up manufacturing facilities in India. However, the wholly-owned outfit of Daimler Benz Industrie will continue its liaison office in India to promote the company's products here.
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