IT companies rush to Ivy League
Mumbai: This is globalisation at its best. Indian infotech companies are now casting their recruitment nets across the shores. These companies have typically been hot draws on Indian B-School campuses. 
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Tatas deny pressure on auditor
Mumbai: The Tata Finance waters were further muddied with A F Ferguson senior partner Y M Kale resigning from the firm and the Tatas, led by Tata Finance Chairman Ishaat Hussain, going into the counter attack mode. 
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IT market flat; but NIIT, Aptech grow
Mumbai: Not even the die-hard optimist are expecting any growth in the industry which has shrunk by close to 30% to dip to Rs 1800 crore last year. As the bigwigs like NIIT and Aptech wrest marketshare in a shrinking market, more rubble is expected in the next six months.
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Kale quits, Tatas deny pressure on auditor
Mumbai: The Tata Finance waters were further muddied with A F Ferguson senior partner Y M Kale resigning from the firm and the Tatas, led by Tata Finance Chairman Ishaat Hussain, going into the counter attack mode. 
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A big discount on B-segment cars
Mumbai: The discount deluge is wiping the cream off the creamy layer B-segment. Till recently it was the pricier C-class that got huge discounts. Not any more.
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GE Cap, others buy 20% in Patni
Mumbai: Patni Computer Services, the Mumbai-based private software services firm, has been valued at over Rs 2,635 crore, with GE Capital, Bank of New York and other foreign investors picking up 20.3 per cent stake in it for Rs 527 crore. 
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PSIDC to offload its stake in Punjab Alkalies
Chandigarh: Punjab State Industrial Development Corporation will offload its entire 44.26 per cent in Punjab Alkalies and Chemicals through international competitive bidding. 
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L&T closes Narmada Cement unit
Mumbai: Just three years after taking over Narmada Cements for Rs 243 crore, Larsen & Toubro has shut down the loss-making subsidiary's grinding unit at Magdalla in Gujarat, citing adverse market conditions. 
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Desi FMCGs move faster than multinationals
Mumbai: Is the pharma phenomenon repeating itself in the FMCG sector? Indian FMCG companies seem to be stealing a march over their better known foreign counterparts on the Indian bourses in recent months. 
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Ferguson-Tata Fin: ICAI keeping its eyes open
New Delhi: ICAI is keeping a close tab on the twists and turns in the A F Ferguson-Tata Finance case and considering whether the withdrawal of the Ferguson report amounts to professional misconduct. 
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Dilip Pendse case: DCA weighs action
New Delhi: Close on the heels of Sebi ordering a probe for alleged insider-trading against former Tata Finance head Dilip Pendse, DCA said it was considering whether to initiate action against TFL for alleged violations of the Companies Act. 
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Tatas behind sacking: Pendse
Mumbai: "The Tata's one point agenda in appointing Ferguson was to frame me," according to former Tata Finance managing director Dilip Pendse who had to step out of the company in disgrace.
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BG eyes broadband services in Mumbai 
New Delhi: After piped gas, British Gas is targetting broadband services in Mumbai. The company hopes to make its presence in Mumbai within a year. 
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Ford India starts export of Ikon components to China 
Chennai: Ford India has commenced the export of Ford Ikon components to China, where the Ikon will be manufactured. The company expects about Rs 50 crore worth of components to be exported to China in calendar year 2003. Full story 
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Mundra Port rail link handles 1.25 MMTs cargo since November 
The Mundra ports rail link has till date handled 1.25 MMTs of cargo comprising various commodities including coal, fertiliser, wheat, chick peas, rice and edible oils since its commissioning in November last. 
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StanChart ties up with hospitals, Taj, Sahara Airways for gold card holders 
Mumbai: Standard Chartered Bank has tied up with Nanavati Hospital, Apollo Hospitals, Sahara Airways and The Indian Hotels Company Ltd to provide incentives to all its gold credit card holders.
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Hyundai Fin unveils finance plan for Santro 
Bangalore: In a bid to attract the first time buyer, Hyundai Finance, financial intermediary of Hyundai Motor India, announced a zero down payment financing plan for the Santro. 
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Maruti to launch Esteem diesel variant this month May sport a tag of Rs 5.5-6 lakh
New Delhi: Maruti Udyog Ltd is launching a diesel version of the Esteem, the company's popular mid-size sedan, in Chennai later this month. 
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Cranes varsity in Hyderabad soon
Bangalore: Cranes Software International Ltd (CSIL), the Bangalore-based scientific and engineering software solutions company, has announced its plans to establish the company's Cranes varsity centre and product marketing facility in Hyderabad. 
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Madras High Court clears dissolution of Pond's
Chennai: The final seal of approval for the dissolution of the Chennai-based Pond's (India) Ltd, a cosmetics unit, has been given by the Madras High Court after overruling the objections to the proposal raised by the Official Liquidator. 
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Hyatt Regency enters Kolkata
Kolkata: Hyatt Regency Kolkata, the second venture in the five-star deluxe category hotel of Asian Hotels Ltd, will open on August 10 with a firm projection that the new 235-room hotel will be totally debt-free and a profit-making establishment.
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LifeStyle to enter Delhi, Mumbai soon
Chennai: Three years since opening its first store in Chennai, LifeStyle International Pvt Ltd, which operates the LifeStyle chain of stores, is all set to enter New Delhi and Mumbai. 
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Japan co to outsource from Hero Cycles
New Delhi: Hero Cycles, the world's largest bicycle maker, yesterday announced a strategic tie-up with Japan's National Bicycle Industries to produce high-end cycles for exports. 
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LML eyes Rs 900-cr turnover this fiscal
Mumbai: Two-wheeler major LML Ltd is hopeful of achieving a turnover of Rs 900 crore in the current fiscal. In 2001-2002, the company had registered sales of Rs 460 crore. 
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Alkem Labs looking at Rs 1,000-cr sales by '05
Bangalore: Alkem Laboratories, primarily into the allopathic drug market, has made a foray into the herbal formulations market with the launch of two herbal products in the lifestyle segment. 
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RSP despatches increase 23 pc
Kolkata: Rourkela Steel Plant (RSP) products have gained better acceptability in the market; gross despatches have gone up 23 per cent in the first four months of this fiscal. 
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