PRESS DIGEST - Indian Business News - April 15

MUMBAI, April 15 (Reuters) - Indian newspapers carried the
following stories in their print or Web editions on Wednesday.
Reuters has not verified these stories and does not vouch for
their accuracy.

ECONOMIC TIMES (www.economictimes.com)
* Kishore Biyani's Future Group, which owns Pantaloon Retail
, will soon acquire a 60 percent stake in creative
boutique Dhar & Hoon. An agreement is likely to be signed next
week.
* Satyam Computer Services will be renamed and have
a new chief executive officer. After the Company Law Board's
approval, the contract to be signed allows Tech Mahindra, which
won the bid to buy the fraud-scarred firm, to rename it.

MINT (www.livemint.com)
* Kumar Mangalam Birla, chairman of the Aditya Birla Group
, has decided to re-shuffle the top management of
various businesses in the group as several senior managers are
set to retire by May.

BUSINESS STANDARD (www.business-standard.com)
* Drugmaker Lupin Ltd plans to revamp its drug
research programme and foray into novel biotech and reverse
engineering of biotech drugs.
* Religare Enterprises Ltd is talks with Bluecross
Blueshield Association, the United Health Group ,
Discovery Health and Philadelphia-based Cigna Corporation
and Aetna for a possible joint venture to foray into
health insurance.

FINANCIAL CHRONICLE (www.mydigitalfc.com)
* Apollo Tyres has cut its 30-billion-rupee
capacity expansion plan to a third as the ongoing economic
turbulence has choked demand for its products.

BUSINESS LINE (www.businessline.in)
* Mahindra and Mahindra's farm equipment division,
which makes tractors, is investing 1 billion rupees on product
development this fiscal.

($1= 49.88 rupees)
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(Compiled by Swati Pandey; Editing by Sunil Nair)
((swati.pandey@thomsonreuters.com; +91-22-6636-9123, Reuters
Messaging: swati.pandey.reuters.com@reuters.net))
Keywords: INDIA PRESS/

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