Asian Paints acquires 60% in Egyptian firm for Rs 24.5 crore 
Mumbai: Asian Paints (India) Ltd is acquiring a controlling stake in SCIB Chemical SAE Egypt for about Rs 24.5 crore, which will mark a foray into the North African market. 
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US company plans to enter electric transport in Bangalore 
New Delhi: After electric vehicles like Reva and Mahindra and Mahindras Bijlee, it is the turn of e-go transporter to hit the Indian roads. 
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Opto Circuits to part-divest stake to US Firm 
The city-based Opto Circuits, a niche player in healthcare electronics and baggage scanner segment, is set to divest a portion of its stake in favour of a Nasdaq-listed US company. 
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IndusInd launches internet banking 
Mumbai: IndusInd Bank on Tuesday launched its internet banking platform called Indusnet for all its customers. 
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HMT MT hopes to cash in on defence, aerospace 
Bangalore: HMT Machine Tools Ltd, a fully-owned subsidiary of HMT Ltd, hopes to improve its revenue from the non-machine tool segment following the increased allocation to defence and aerospace industry. 
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BSNL's WLL telephony cheaper than fixed line
New Delhi: You can now go mobile and pay less than ever before, in fact, pay even less than what you pay for fixed phones. BSNL's aggressive tariff package for WLL-based mobile telephony is cheaper than fixed line telephony for a moderate user. 
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AV Birla Group to exit Idea
Mumbai: The Aditya Birla group has decided to exit from its cellular business by selling the groups 33.13 per cent stake in Idea, the cellular operating company, in which the Tata group and US telecom giant AT&T also hold similar stakes.
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Spice pleads against account freezing
New Delhi: Spice Communications, a B K Modi Group company, yesterday approached the Delhi High Court for the removal of the freeze on their bank accounts. 
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Ad agencies grin and bear the bad cut
Mumbai: Advertising's lowest common denominator just got lower. Ad agency commissions have hit rock bottom, dropping now to an all-time low. A far cry from the 15 per cent, some clients are even paying their agencies commissions as low as 2 per cent. 
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Jubilant in talks to buy Max Pharma
New Delhi: Jubilant Organosys (formerly Vam Organics), the Bhartia Group flagship, is close to acquiring Max Pharma, the bulk drugs business of Max India.
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Centurion, IndusInd talk merger
Mumbai: Preliminary discussions have been initiated with IndusInd Bank for a possible merger while KPMG, representing a foreign fund, has begun a fresh due diligence exercise. 
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Air traffic's flying off the tarmac
New Delhi: It's celebration time for international airlines. After a lull in July, there is a massive rush this month-end to the West. So much so that there is an offloading of 10-15% at the airport. 
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Deepak Fertiliser plans local buys, global projects
Mumbai: Deepak Fertilisers & Petrochemicals (DFPCL) is charting growth plans through acquisitions in the domestic market and by setting up a greenfield ammonia project overseas. 
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Suzuki may enter into deal with SAIL for auto steel
Bangalore: Suzuki Motor Company of Japan is in talks with public sector steel maker Steel Authority of India Limited (SAIL) to source special grade alloy steel for automobile components. 
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Indiatimes, Mattel in pact for online toy store
Mumbai: Mattel Toys (India) Pvt. Ltd. has tied up with Indiatimes.com to create and market the largest on-line toy store in the country. The on-line toy store comprises of international brands such as Barbie, Hot-wheels, Fisher Price, and Star Beans. 
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IFC in talks to acquire stake in Max Healthcare
New Delhi: The International Finance Corporation (IFC) is in talks to buy stake in Delhi-based Max Healthcare Institute in an attempt to increase its exposure to the countrys growing healthcare sector. 
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ITC in bid to popularise hygienic packaging
Kolkata: As part of its business development strategy, the paperboards division of ITC Ltd has taken the initiative to create an awareness among domestic consumers of food products like sweets, cakes, pastries, chocolates, ice cream, biscuits and tea in particular about the sensibility of packing these products in appropriate paperboards which are easily available from indigenous sources. 
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Graphite India plans to recast high-cost debt - To expand product portfolio
Kolkata: Graphite India Ltd has initiated steps to restructure high-cost debts as part of an exercise that is aimed at reducing the company's interest burden which currently stands at Rs 26 crore per annum. 
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`MNCs doing surrogate audit work'
Chennai: Years before the services sector was even brought for discussions in the World Trade Organisation (WTO), India opened its doors for foreign accounting firms. Though these firms were technically allowed to offer consultancy services, they made a "stealthy and surreptitious entry" into the domestic financial market, doing audit work, "using local surrogates, which is totally illegal". 
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Adopt ICAI's 1-23 standards: Panel
New Delhi: The 12-member National Advisory Committee on Accounting Standards (NACAS) has made a case for the Union Government to prescribe the accounting standards 1-23 of the Institute of Chartered Accountants of India (ICAI) as the standards of accounting that every profit and loss account and balance sheet of a company need to comply with under the Companies Act, 1956. 
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HC stays DD move on sports channel
New Delhi: Modi Entertainment Ltd (MEL) has obtained a stay order from the Delhi High Court against any speculated unilateral move by Doordarshan (DD) to make DD Sports a free-to-air channel protecting its agreement with DD Sports and its subscribers
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M.H. Mills: Old guard in rear-guard action
Ahmedabad: bHaving already skimmed the company's workforce to 2,100 from 2,500 over the last couple of years, Mr Parikh is looking at life beyond the restructured debt with a workforce of 1,600 and a revised product profile. 
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Jubilant in alliance with LION Bioscience
New Delhi: Jubilant Organosys Ltd entered into a strategic alliance with LION Bioscience AG for marketing and distribution of LION's Life Science Infromatics solutions in India. 
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Wipro Tech signs up CNA Life
Bangalore: Wipro Technologies announced that it has signed a contract with CNA Life, a unit of the CNA insurance companies, to develop a new business processing system and transform CNA Life's existing legacy policy administration system.
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Growel group to diversify into real estate sector
Mumbai: Metal finishing company Grauer & Weil (India) Ltd, flagship of the Rs 175-crore Growel group, has decided to diversify into real estate development. 
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From the grassroots
Mumbai: TVS Motor has perhaps done the most unlikeliest of things in two-wheeler marketing over the past two years. For example, it went to shandies where it had its dealer and the local financier sell mopeds to soyabean farmers. 
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Centre seeks to get more for Maruti stake
New Delhi: In a bid to improve the minimum realisation from the sale of its 20 per cent of stake in Maruti Udyog Ltd (MUL), the Government is planning to raise the underwritten value of the stock from Rs 2,300 per share to around Rs 2,500 per share. 
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Infosys logs on to life sciences practice - Earnings guidance at Rs 3,108-3,195 crore
Bangalore: Software major Infosys Technologies Ltd has started a new practice in life sciences. Its Chairman and Chief Mentor, Mr N.R. Narayana Murthy, said at its annual analysts meet. "We have put in place necessary things and we will talk about it after a few wins... after we reach a critical mass". 
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Coke bids to placate with Kinley soda
New Delhi: The anti-cola movement that has been gaining ground on the parameters of colas being `too expensive and unhealthy' has had an interesting fallout. Coca-Cola India (CCI) has begun its `commercial beverages' movement, and the first off the block are the new variants of Kinley, its brand of bottled water and soda. 
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