SC notice to GMR Technologies on Germany firms plea 
New Delhi: The Supreme Court on Thursday issued notice to GMR Technologies in an ex-parte hearing of a special leave petition filed against it by a German company, FW Hempel Metallurgical.
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Govt gets poorer by Rs 5,000 crore in a day
New Delhi: The unexpected opposition of Defence Minister George Fernandes to the disinvestment of BPCL and HPCL has eroded the government's wealth by over Rs 5,000 crore in a single day.
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Wadia says not batting for BAT
Mumbai: The Wadia Group said it has no plans to team up with British tobacco gaint BAT to acquire UTI's 12 per cent stake in ITC.
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Grey cells still ring the loudest
Mumbai: Even though most cellular handset vendors would have you believe otherwise, the unauthorised cellular handset market is growing.
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Maruti 800 a big hit again
Mumbai: Maruti Udyog has claimed the Maruti 800 has shown a growth of about 30 per cent in August, immediately after the company reduced the price. The company said the Maruti 800 has further strengthened its position as India's No. 1 selling car as it expects to clock over 12,000 units during the month. 
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Whirlpool gives Videocon a hot tumble wash
Ahmedabad: While the Rs 800-crore washing machine industry has remained flat for the past two years, the battering of Indian companies like Videocon (an erstwhile market leader) and BPL continues at the hands of foreign players like Whirlpool and LG during June 2002. 
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LML shifts gear, to focus on bike market, exports
Mumbai: LML, whose staid, old scooters have recently lost out to flashy motorcycles in the minds of consumers, is planning to focus more on increasing the share of motorcycles in overall sales to 60 per cent from about 40 per cent in the past year. 
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Intel plans to invest $200m in India over 3 years
New Delhi: Intel CEO Craig Barrett on Thursday said the company plans to triple its manpower strength in India to 3,000 from 1,000 at present over the next couple of years.
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Oil ministry to oppose BPCL, HPCL selloff
New Delhi: The Petroleum Ministry which will be making a presentation in the next CCD meeting on the disinvestment of HPCL and BPCL is likely to oppose the sale of government equity in these companies at this juncture. 
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Fate of HPCL refinery in Punjab hangs fire
Mumbai: Hindustan Petroleums 9m tonne refinery at Bhatinda, which has become a bone of contention between the petroleum ministry and the department of divestment, is linked to the companys future growth plans, chairman and MD Mahesh Lal said in Mumbai. 
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Essel Propack on shopping spree
Mumbai: The Rs 500-crore laminated tubes major Essel Propack is on a prowl again. After stitching a merger with the Switzerland-based Propack last year, the company is looking at acquisitions again. The company is looking at picking up a company for Rs 75-100 crore.
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UB, SWC in race for Rajasthan Breweries 
Kolkata: The UB Group and its arch-rival Shaw Wallace & Company Ltd are believed to be in race for acquiring Rajasthan Breweries Ltd, which was seized by Bank of Rajasthan due to default of payment. 
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Reliance to return 3.7 crore IPCL open offer shares 
Mumbai: Reliance Industries Ltd will return 3.77 crore shares of the 8.74 crore shares which it received in response to its open offer to acquire 20 per cent stake in Indian Petrochemicals Corporation Ltd, by September 2. 
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FIs extend LML debt repayment by over a year 
Mumbai: The Singhania-promoted LML has got a breather from the financial institutions as the latter have agreed to delay debt repayments by over a year. 
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Tatas maintain golden silence on October meet 
Mumbai: With the trap seemingly closing in, the pressure on margins continuing to build and the capital adequacy not being met, the Oct 21, 2000 presentation of Tata Finance Ltd to Tata Industries MD, TFL vice chairman and Tata group executive office member, and TFL chairman, clearly shows that both were in the know of the goings-on at TFL since 2000. 
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Steel prices may rise on US trade panel ruling
New Delhi: Steel prices in the domestic market, which have increased by around 22 per cent during the past five months, are likely to go up further over the next few months following the International Trade Commission (ITC) giving a clean chit to India and giving a clean chit to India and relieving it from anti-dumping charges, according to highly-placed sources in steel manufacturing companies. 
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Call centres moving into smaller cities
New Delhi: Though the metros continue to be the major hubs for call centres, training companies such as Team Builder, the HR Services division of Parsec Technologies and Hero Mind Mine reckon that there is a large influx of international call centres into smaller cities such as Kochi, Ahmedabad, Bhubaneshwar, Jaipur and Pune. 
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FM players get breather till Monday to pay licence fee
New Delhi: The Government seems to be offering a small leeway for the private FM players. It has decided to wait till Monday before encashing bank guarantees of defaulters. The deadline for paying up the licence fee for the three metros of Delhi, Chennai Kolkata drew to a close on August 29. 
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DSP Merrill consolidating its holding in AMC
Mumbai: DSP Merrill Lynch is consolidating its holding in its asset management company, DSP Merrill Lynch Investment Managers Ltd (DSPMLIM), by buying the 40 per cent stake of Merrill Lynch Investment Managers. 
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Philips to divest printed circuit board assembly business
Mumbai: Philips India Ltd is to divest the printed circuit board assembly business to the US-based Jabil Circuit Inc for a total consideration of Rs 23 crore. 
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HPCL has no plans to exit MRPL `at the moment'
New Delhi: Hindustan Petroleum Corporation Ltd has ruled out any possibility of it exiting Mangalore Refinery and Petrochemicals Ltd in the immediate future. 
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Leyland gets export orders for Rs 34 cr
Chennai: Ashok Leyland Ltd has obtained two orders for export of vehicles, from Sri Lanka and Bangladesh. The orders are worth Rs 34 crore. The Sri Lankan contract is from the People Leasing Company, for 250 fully built, 42-seater Viking buses. 
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Emcure, NCL develop new drug
Mumbai: A drug for hypertension, Asomex (S-Amlodipine), has been developed by Emcure Pharmaceuticals Ltd. in collaboration with the National Chemical Laboratory (NCL). 
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Parakh Foods mulls new refineries
Pune: Parakh Foods Ltd, the flagship company of the Parakh group, manufacturers of the Gemini brand of refined oil said here on Thursday the company now has the country's largest edible oil refinery situated in a single location, with the commissioning of its new 600 tonne per day (tpd) capacity refinery at Kurkumbh near Pune. 
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Kaveri Telecom facility launched
Bangalore: Kaveri Telecom Ltd, a Bangalore-based manufacturer of antennas, repeaters, RF products and solar photo voltaic systems, has launched its new manufacturing facility. 
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DCA sets up panel to review `Maocaro'
New delhi: Maocaro is a special order issued by the CLB, requiring the auditor's report in certain classes of companies to include a statement on matters pertaining to the functioning of the company. 
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DCA favours stringent penalties
New Delhi: The Department of Company Affairs (DCA) has once again made a case for strengthening the existing penalty and compounding provisions under the Companies Act, 1956 to curb widespread violations of the various provisions of the Act. 
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ICAI questioned on `non-audit work' ambit
New Delhi: The Department of Company Affairs (DCA) yesterday questioned the move of the Institute of Chartered Accountants of India (ICAI) to keep certain services such as "tax work" outside the ambit of its recent regulation barring auditors from accepting non-audit fees in excess of audit fees from the same client.
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Mahindra Ugine eyes revival
Mumbai: A return to profitability is inevitable for alloy steel company Mahindra Ugine Steel Company Ltd (Musco), a Mahindra & Mahindra group company, if it wants to revive plans to invite a strategic partner aboard.
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Fresh proposal sought for Trayons' revival
Kochi: The Government has called for a fresh proposal from the prospective promoters on the concessions demanded by them for reviving the sick Travancore Rayons Ltd at nearby Perumbavoor. 
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Vebtel forays into IP telephony; to invest Rs 5 cr
Hyderabad: Vebtel Obconic Internet Protocol, a Hyderabad-based firm, has announced its foray into the emerging Internet telephony market and has launched a range of solutions and products to support voice over Internet phone (VoIP) technologies. 
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