Alembic on recast drive, plans 5 SBUs 
Ahmedabad: In a major business restructuring initiative, the Vadodara-based Rs 500-crore Alembic Ltd is creating five major strategic business units and has identified co-marketing through franchisee route as a key strategy to optimize performance.
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Cell rates to go down further this year
New Delhi: DoT plans to reduce the licence fee for basic and cellular service providers. Communications minister Pramod Mahajan told ET that DoT will soon seek the finance ministry's concurrence on reducing the licence fee for telecom operators.
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Players whet knives for UTI pie
New Delhi: The government's decision to privatise the healthy part of UTI (UTI II) is being seen by the financial community as an easy mode of buying a slot on the boards of companies.
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Airports: Who's busiest of them all?
Mumbai: Brushing aside the September 11 blues and transformation in market dynamics due to the emergence of new hubs like Bangalore and Kochi during recent years, financial capital Mumbai and national Capital Delhi are engaged in a battle royale for the numero uno spot in terms of international flight connectivity.
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Luxor buys out foreign partner in JV
Mumbai: The D K Jain-promoted pen major Luxor has bought out the foreign partner, $9-billion Newell Rubbermaid, from its 50:50 JV, Luxor Writing Instruments. With this acquisition, the Jain family is now the 100 per cent owner of Luxor Writing Instruments. 
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iDream, B4U to co-produce films, manage movie fund
Mumbai: iDream, an entertainment company promoted by stockbroker Shripal Morakhia, and B4U Television Network, have inked an agreement to co-produce films and jointly operate a film fund. 
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Tatas drop SAIL unit bid plan
Kolkata: The Tata Steel-Usinor combine has finally dropped out of race for taking over Salem Steel Plant, a special steel unit of Steel Authority of India Limited.
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The weakest link on idiot-box: Serial-killers
Mumbai: When Kaun Banega Crorepati debuted on Indian TV, it sent the whole country into hysteria not seen since the days of Mahabharat on Doordarshan.
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Orissa may ask BSES to pack up and go
Mumbai: After AES, which was managing the Central Electric Supply Company, it may be the turn of Bombay Suburban Electric Supply to pack up. BSES is presently managing three power distribution zones in Orissa. 
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DPC faces legal hurdles before plant restart
New Delhi: The Dabhol power plant will have to cross some serious legal hurdles before the plant can be restarted. This is despite the best efforts of the Centre and financial institutions trying to broker an agreeable tariff at which power would be bought by MSEB. 
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JK group shelves plans to merge its cement cos
New Delhi: In a surprise move, the JK group has dropped the plans to merge the two cement companies of the group, JK Corp and JK Udaipur Udyog. The Singhanias have, instead, decided to go for an expansion in the cement capacity of JK Corp through both brownfield and greenfield expansions. 
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Pizza Hut plans 10 outlets by '04
New Delhi: The US-based Pizza Hut is planning to open at least 10 pure vegetarian outlets in India by 2004. Of the 36 pizza outlets functioing, Pizza Hut currently has three vegetarian restaurants, one each in Mumbai, Ahmedabad and Surat. 
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Tatas plan to contest EOW report on TFL case 
Mumbai: The Tata Group is planning to challenge the investigation report of the Economic Offences Wing of the Mumbai Police on the Tata Finance Ltd case. 
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Taj SATS eyes Chefair flight kitchens 
Mumbai: Taj SATS Air Catering Ltd, the joint venture company of the Taj Group and Singapore Airport Terminal Services Ltd, has put in an expression of interest for acquiring Chefair Flight Kitchens in Mumbai and Delhi, the air-catering units of Hotel Corporation of India, which are up for disinvestment. 
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FACT seeks Kerala govt nod to proceed with job cuts 
Kochi: Public sector giant Fertilisers and Chemicals Travancore Ltd, which has been in the red and on the divestment agenda of the Centre, has sought the state governments sanction to go in for a layoff. 
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Tata Fin to file rejoinder against defendants affidavits 
Mumbai: Tata Finance Ltd is filing a rejoinder before the Bombay High Court early this week, to counter all affidavits filed by the defendants in the civil case filed by TFL against ex-TFL managing director Dilip S Pendse and others. 
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Chinas thrust on maritime training to cost India Rs 2,000 crore per year 
New Delhi: The impetus given to maritime training by the Chinese government is posing a serious threat to the 24,000-odd Indian maritime officers. 
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Medical BPO space - Apollo group ties up with 2 global majors
Chennai: The integrated healthcare services provider - The Apollo group, has announced its plans to foray into the growing medical business process outsourcing (BPO) space which combines the expertise in medical systems with information technology.
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Reliance roadshow in Chennai for V2 fabric
Mumbai: Reliance Industries Ltd is on the third leg of its pre-launch road show for its new product, V2. It is also unveiling a new retailing concept to its retailers. V2 denotes the fabric and the way it is offered. 
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CAs hit out at transnational firms
New Delhi: A Convention of the newly-formed Chartered Accountants' Action Committee here on Sunday called for level playing field for "Indian chartered accountants in the domestic market". 
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BSNL, MTNL merger plan takes industry by surprise
New Delhi: The Union Communications & Information Technology Minister, Pramod Mahajan's statement that the Government intends to merge Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd appears to have taken the telecom industry by strom.
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Surana Tele to diversify into power sector- Bhagyanagar Metals to follow suit
Hyderabad: Surana Telecom Ltd (STL), Rs 103-crore telecom cables and instruments company belonging to the Surana Udyog group, is diversifying into the power sector. 
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Aspinwall mulls call centre foray
Kochi: The 135 year-old Aspinwall & Co Ltd is entering into the surprise sectors of Kerala - information technology, tourism and biotechnology.
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TVS Motor sales up 63 pc in Aug
New Delhi: TVS Motor Company has registered a 63 per cent growth in overall sales in August 2002 over the same period last year (94,232 units as against 57,690 units in August 2001). 
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