Indian Airlines to dry-lease aircraft to meet demand 
New Delhi: In a bid to meet the demand in load factor during the peak season, domestic carrier Indian Airlines has decided to dry-lease around four to six aircraft. The carrier has already floated a global tender inviting bids for A320 aircraft. 
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Cell subscriber base rises 4.8% in July 
Mumbai: The all-India cellular subscriber base for July 2002 has increased by 4.78 per cent as compared to the previous month. 
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Wipro rides the business intelligence wave
Bangalore: The secret of retailing is in getting access to the customers mind. Analytical customer relationship management would be more effective if linked to all aspects of business be it supply chain management, store front operations, channel management, finance and human resources.
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Taj Group to recast its brand strategy
Mumbai: In the midst of competition from several new hotels and foreign hotel chains in India, the Taj Group plans to bring about a visible change in the perception of 'Taj' as a luxury brand. 
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One million RIL shares reconverted
Mumbai: A large reverse fungibility deal was struck on Friday when about one million shares of Reliance Industries were converted into global depository receipts. 
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Blue Dart, FedEx to end alliance
Mumbai: Blue Dart is breaking its alliance with Federal Express. The current agreement which is expiring on September 30 is unlikely to be renewed. 
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Credit Suisse shuts trading operations
Mumbai: Credit Suisse First Boston India, which has been slapped with a two-year ban by the Securities and Exchange Board of India, has decided to close its trading and operations departments in India and retrench all employees in these divisions. 
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Let your hair down, HLL cuts shampoo prices
Mumbai: HLL is revamping the pricing and packaging of shampoos. The market leader has slashed sachet prices to Rs 2 from Rs 2.50, introduced new sachets at 50ps and one rupee price points, filled in more shampoos for the same price and introduced new bottles at Rs 12.
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Jindals to buy SAIL's Salem plant
Mumbai: Jindal Steel & Strips is looking at an outright purchase of SAIL's Salem Steel Plant instead of a joint venture with the public sector steel major. 
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Godrej to enter economy segment of refrigerators
Mumbai: Godrej Appliances is entering the economy segment of refrigerators by the end of this year.
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Maruti launches Esteem Diesel
New Delhi: Maruti Udyog Ltd has launched the diesel version of its mid-size car, Esteem. The Esteem Diesel, priced at Rs 5.44 lakh (ex-showroom Chennai) and Rs 5.72 lakh for the power-steering variant, will initially be available only in the southern markets.
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Godrej buyback opens on Monday
Mumbai: Godrej J Consumer Products Ltd has announced buyback of its fully paid-up equity shares of face value of Rs 4 each from the open market through electronic trading mechanism of the exchange. T
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D Link to buy back shares at Rs 80
Mumbai: D LINK India yesterday announced that it would buy back the company's shares, not exceeding Rs 16 crore, at a price of up to Rs 80 per equity share. 
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Salt & pepper for an exact recipe
Mumbai: The Tatas are in the news for the wrong reasons. They are fighting a pitched battle with the accountants, whom everybody believes as belonging to a tribe that is now trying to rise from the abyss. 
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HPCL says not interested in MRPL preferential offer
New Delhi: Hindistan Petroleum Corporation Ltd (HPCL) yesterday said it was "not interested" in the Rs 2,000-crore preferential shares issue to be made by Mangalore Refinery and Petrochemicals Ltd (MRPL). 
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IPCL, panchayat lock horns over Rs 17-cr tax dues
Ahmedabad: Even as the Vadodara Taluka Panchayat has slapped a notice on Indian Petrochemicals Corporation Ltd (IPCL) for the recovery of tax dues to the tune of Rs 17 crore the company has said the matter is sub judice and, therefore, it cannot discuss the issue.
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Tatas' new retirement plan: Taste of things to come?
Kolkata: The intention of Bombay House to reduce the retirement age of non-executive directors (N-EDs) to 70 from 75, as revealed by Mr Ratan Tata at Tata Power's AGM in Mumbai on August 6, would, when carried out, mark a departure from the position obtaining since early April 1992 when the Tata Sons board had, for the first time, adopted a resolution on the subject.
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SAIL may shut Kerala stockyard
Kochi: Steel Authority of India Ltd (SAIL) appears to be contemplating closure of its stockyard and offices at nearby Irimpanam and to divest the portfolio through dealership networks. 
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IC Fuels to set up LPG dispensing stations
Kochi: IC Fuels Ltd is poised to set up a chain of automotive LPG dispensing stations (ALDS) in Kerala. The first of such stations will come up in Kozhikode shortly which will be followed by a string of six more stations including one at Kochi, the company said 
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Strike to protest transfers in SAIL
Mumbai: Members of the Steel Executives' Federation of India have gone on an indefinite hunger strike from Friday to protest the transfer of 134 executives of Steel Authority of India Ltd. 
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Apollo Tyres to use Modi factory for contract production Precursor to takeover?
New Delhi: Apollo Tyres Ltd (ATL) on Friday said that the company would contract production of tyres at the manufacturing facility of Modi Rubber Ltd (MRL). It said that an agreement to this effect had been reached between the two companies. 
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Satyam to set up overseas centre for Saint Gobain arm
Chennai: Satyam Computer Services Ltd has announced that it has signed up with Saint Gobain Abrasives, Inc, a Massachusetts-based corporation, to provide IT services. As part of this initiative, it will set up an offshore development centre (ODC) for .
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Citicorp, Caterpillar in financing tie-up
Mumbai: Citigroup Finance (India) Ltd and Caterpillar India Private Ltd have entered into a sales financing alliance programme to offer financing to customers proposing to procure Caterpillar's earthmoving equipment. 
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Bhushan group, IOC sign long-term pact
Indian Oil Corporation (IOC) on Friday signed a long-term agreement with the Bhushan Group of Industries to supply 100 per cent of its requirements of petroleum products. 
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NRDC pact with IOC on energy-efficient tools
The National Research Development Corporation (NRDC) has signed a memorandum of agreement with the Faridabad-based Research & Development Centre of Indian Oil Corporation for the promotion and transfer of technology to various industries for a ... More 
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Ahlcon upgrading infrastructure to meet GMP norms
Jaipur: Ahlcon Parenterals (India) Ltd, the pharmaceutical division of Ahlcon group, is in the process of redesigning the technical infrastructure of its plant at Bhiwandi in Rajasthan to obtain international GMP standards. 
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Lenders wary over NGEF closure
Bangalore: Banks and financial institutions have demanded that the outstanding liabilities of NGEF be assumed by the State Government before any closure is effected. The Karnataka State Cabinet had recently recommended the closure of the factory. 
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Sulzer bullish on South India
SULZER India Ltd, the Indian marketing arm of the Swiss textile weaving machinery major Sulzer Textil Ltd, is bullish about widening its market base at the South Indian textile centres which have reported higher imports of second-hand ... More 
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Alembic's 5-year plan to achieve Rs 1,800-cr sales
Mumbai: Alembic Ltd aims to be a Rs 1,700-1,800 crore company in the next five years in terms of sales. In the next two years, the company expects to reach a turnover figure of Rs 1,000 crore.
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Bajaj Pulsar sales cross 50,000-mark
Bajaj Auto Ltd (BAL) yesterday informed that sales of its premium bike, Bajaj Pulsar, has crossed 50,000 units. The bike was launched in November 2001.   
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