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Religare expects to close Rs 600 cr PE fund by Apr '10
Financial services entity Religare Enterprises expects to close its first Rs 600-crore private equity fund, launched in joint venture with UK-based Milestone Capital, by April next year.

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Shri Renuka Sugars acquires Brazilian VDI
Shri Renuka Sugars has acquired "Vale Do Ivai S.A Acucar E Alcool (VDI)", a Brazilian sugar and ethanol production company. The acquisition includes two sugar and ethanol production facilities located in the southern state of Parana with a combined cane crushing capacity of 3.1 mn tonnes per annum. In addition, VDI holds strategic stakes in several logistics assets including terminals for staoarge and loading of sugar and ethanol at the port of Paranagua. Larger part of the sugarcane requirements at VDI are met through its own cultivation of more than 18,000 hectares of land on long lease.

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Kraft Foods Q3 net drops 39%, remains interested in Cadbury
US food major Kraft Foods has reported a 39.5 per cent drop in the third quarter net earnings at $824 million, but said it remains interested in acquiring British confectionery firm Cadbury.
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Kalam advises Isro, Nasa on Chandrayaan-II

The Indian Space Research Organisation (Isro) and US space agency Nasa should deploy surface robotic penetrator in "Chandrayaan-II" mission to study more about the presence of water molecules on moon, former President APJ Abdul Kalam has suggested. He suggested both Isro and Nasa work on future mission of Chandrayaan-II using moon surface robotic penetrator during my recent visit to California Institute of Technology in US, where Nasa scientists presented the findings of Moon Mineralogy Mapper (M3) to Indian scientists," Kalam told students during an interaction today.


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