Hydro Aluminium, Indal proposals to hike stake in Orissa Extrusions cleared
The decks have been cleared for offloading Industrial Promotion & Investment Corporation of Orissa Ltd's 12.15% stake in Orissa Extrusions Ltd (OEL) in favour of Hydro Aluminium of Switzerland and Indian Aluminium Company (Indal).

Onkyo sheds premium tag, goes for 10% price slash
In a turnaround in strategy, Onkyo, the audio products company has slashed prices on its products by at least 10%. Till recently, Onkyo has maintained its positioning as a `premium audio product brand' with the prices sticking on to the high-end bracket in spite of falling prices in the audio systems market.

Intravenous fluid's pile-up prompts Albert David to shift focus on drugs
Albert David Ltd, faced with overcapacity in the intravenous fluids (IV) sector and subsequent losses during the past two years, has been forced to shift its focus back to formulations. It plans to launch a host of new products during the current year.

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