Aishwarya adds glamour to Sahara Parivar, joins as Council Director 
New Delhi: After star of the millennium Amitabh Bachhan and Wisden Indian cricketer of the century Kapil Dev, it is the turn of beauty queen Aishwarya Rai to join Sahara India as its council director. 
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Ranbaxy Pharma gets USFDA nod For Terazosin 
Mumbai: Ranbaxy Pharmaceuticals Inc.,a wholly-owned subsidiary of Ranbaxy Laboratories Limited, has received the final approval from the US Food and Drug Administration to manufacture and market Terazosin Hydrochloride Capsules, 1 mg, 2 mg, 5 mg, and 10 mg. 
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Hyundai lines up new models for India 
New Delhi: Hyundai Motor India has lined up a slew of launches over the next few months including a Santro with anti-lock braking system technology as an option across all variants from October, an automatic transmission model of Santro and diesel Accent in September. 
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DRL firm on molecule research via clinical phases 
Hyderabad: Dr Reddys Laboratories Ltd has pledged to continue its research efforts to advance more molecules through various clinical phases of development and targeted to become discovery-led mid-sized global pharmaceutical company in the next 5 years. 
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Wyeth closes formulation unit in Mumbai 
Mumbai: Wyeth Lederle has closed its formulations unit at Ghatkopar in Mumbai, even as its bulk drug unit at the same location continues to operate. 
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Hyundai to launch LCVs too 
New Delhi: Targeting a turnover of $1.2 billion by 2004-2005, Hyundai Motor India is looking at the possibility of introducing light commercial vehicles. 
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Sangh working overtime to thwart oil PSUs selloff
New Delhi: A crucial meeting of the Cabinet Committee on Disinvestment, which is to decide on the strategic sale of HPCL and BPCL, is likely this week amid intensive lobbying to thwart the disinvestment department's push for early decision. 
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India 2nd fastest growing IT spender
Mumbai: While the growth of Indian software exports is a known story, it comes as a surprise that India is the second fastest growing spender on information technology.
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Maruti expects 30% jump in M800 sales in Aug
New Delhi: Maruti Udyog, the countrys largest car maker which has hit a rough patch recently, due to intense competition, expects to bounce back with a more-than 30% surge in Maruti 800 volumes in the current month.
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Panacea to file global patent for anti-TB combination drug
New Delhi: Panacea Biotec is hoping to make it big in the new drug delivery system arena by filing a worldwide patent for its new NDDS for an anti-TB combination drug.
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Tata Telecom in alliance with Indiatimes
Mumbai: Tata Telecom Ltd, India's leading enterprise business communication solutions provider and Indiatimes Infotech have announced their partnership to jointly promote enterprise communications technologies.
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BG plans $800-mn outlay to double Tapti gas output
Kolkata: BG, formerly British Gas, has proposed an $800-m plan for the Panna, Mukta and Tapti gas & oil fields that could double gas production from the Tapti gas fields in 3-4 years. Discussions on the enhanced recovery programme have begun, with BGs JV partners, ONGC and Reliance Industries, according to company sources.
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Versa sales pick up after price cut
Bangalore: The Big B's family car, Maruti Versa, seems to have broken the jinx within seven weeks of its price getting slashed. 
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ALL resorts to production halts at 3 plants
Chennai: Ashok Leyland stopped production in three of its plants for four days this month for inventory control.
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H-P slashes laser printer prices to lure B&C cities
Bangalore: Hewlett-Packard is going all out to win converts to the laser printer in Indian offices.
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Federal Express to join hands with Prakash Airfreight
Mumbai: After breaking up with its partner for 18 years, Blue Dart, Federal Express is now all set to join hands with the Mumbai-based Prakash Airfreight Ltd for its India bound parcels. 
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Kolkata: SAIL research unit working on Rs 500-cr cost-saving plan
The Research and Development Centre for Iron and Steel (RDCIS), the corporate research wing of Steel Authority of India Ltd (SAIL), is planning to provide a `benefit' of at least Rs 500 crore to the various SAIL units within the next two to three years.
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RailTel optical fibre cable work apace
Hyderabad: RailTel Corporation of India Ltd formed two years ago to create a nation-wide broadband telecom and multimedia network, has been making rapid strides in laying optical fibre cables (OFC) with a monthly target of 800-route km (RKM). 
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India Tyre to sell products under Dunlop name
Kolkata: In a bid to keep alive the brand image of Dunlop India Ltd's (DIL) industrial rubber products, India Tyre Ltd (ITL) has been assigned the job of outsourcing such products and marketing them throughout the country. 
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GFCL plans to raise output
Hyderabad: Godavari Fertilisers and Chemicals Ltd (GFCL) has plans to produce 8.6 lakh tonnes of fertilisers in the current year as against 7.03 lakh tonnes produced in 2001-02. It proposes to sell 9.5 lakh tonnes as against 9.46 lakh tonnes sold last year.
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Honda tags Dio at Rs 37,814
New Delhi: Honda Motorcycle and Scooter India Pvt Ltd (HMSI), the wholly-owned subsidiary of two-wheeler giant, Honda Motor Company, has priced its second model for India, `Dio' at Rs 37,814 (on road, Delhi). Dio, touted as the first `motorscooter' was launched last month. 
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Dr Reddy's grants stock options
Hyderabad: Dr Reddy's Laboratories Ltd has granted 1,813 stock options to one of its employees at a meeting of the compensation committee of the board held on Monday. 
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Good response to Tata Tea VRS
Kolkata: Industry sources said that the company is hoping to reduce its office staff by about 10 per cent. 
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Hallmark Inc to acquire stake in Vintage Cards
Mumbai: The greeting cards industry is expected to get a boost, with Hallmark Cards Inc of the US finally deciding to pick up an equity stake through the preferential route in the Pune-based Vintage Cards & Creations Ltd. 
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Singapore partner to hike stake in SDB-Cisco
New Delhi: The Chennai-based security agency SDB-Cisco (India) Ltd (SDB-Cisco), is all set to become the first Indian security agency with a controlling foreign equity holding. 
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Toyota Kirloskar to invest $80 m in gearbox unit
Bangalore: Toyota Kirloskar's new gearbox plant will produce 1,68,000 gearboxes per year for exports. The total investment will comprise $80 million in two plants out of which $50 million will be invested in machine tools and out of this, 40-45 per cent will be invested in the domestic market.
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Mallya to head UB-S&N venture
Bangalore: UB Beer Ltd and Scottish & Newcastle Plc (S&N) are finalising a five-member board for their joint venture after signing a definitive agreement. 
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Kanoi Castillo plans chain of restaurants
Kolkata: The Rs 55-crore turnover Kanoi Group, which has interests in tea, ferro alloys, chemicals and IT services, has formed a joint venture with the $9-million turnover Castillo's LLC of the US. 
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SBL hopes to seal recast package soon
Kolkata: SBL Industries Ltd, which was earlier known as Shriram Bearings Ltd, is in the last stages of finalising its revival package and is likely to reopen its plant by the end of November. 
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Tata Infomedia looks at 25-30% from film foray
Mumbai: Tata Infomedia Ltd, which recently announced its foray into film production, expects this arena of business to contribute 25-30 per cent to the topline in three years.
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