Asian Paints acquires 50% in Berger Intl 
Mumbai: Asian Paints (India) Ltd has acquired 50.1 per cent stake in Berger International Ltd, a holding company incorporated in Singapore. BIL has no operations in India. 
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Aurobindo Pharma aims to double sales in three years 
Hyderabad: Aurobindo Pharma Ltd is expected to double its turnover in the coming three-year period (2004-05) with a revised focus to enter the high-end regulated markets targeting generic business besides drawing raw materials from China facility, says the company annual report. 
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Aquafina belongs to Pepsico alone: HC 
New Delhi: The Delhi High Court on Thurday granted a permanent injunction in favour of Pepsico restraining a Delhi-based company Rashmi Sales Corporation from using the trade mark, Aquafina for their water purifiers. 
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Ceasefire: Advani steps in to douse George fire
New Delhi: Deputy prime minister L K Advani met his Cabinet colleague and Samata Party president George Fernandes, indicating that efforts to smother the differences within the ruling coalition over the proposed HPCL and BPCL sell-off had moved into high gear. 
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PC prices to stay stable for now
Mumbai: PC prices in the Indian market will not be impacted for the next two months, despite Intel cutting its microprocessor prices by up to 52 per cent. 
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Tonight's the night for business and beyond
Mumbai: It's an event whose net worth cannot be quantified for more reasons than one. For Friday night's awardees are a rare breed. And amid an audience comprising the very creme of Corporate India, they will be presented with The Economic Times Award for Corporate Excellence by Finance Minister Jaswant Singh in Mumbai.
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K K Birla set to pass baton to next generation
Mumbai: This could be a precursor of passing of the baton. K K Birla, may have made the first move towards handing over everyday corporate responsibilities of his group companies to the next generation. 
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BA to cut costs, flab to stay in shape
Mumbai: Though it hasn't quite come down to charging you for peanuts and sandwiches yet, British Airways is going through changes that it hopes will see it through a very turbulent present.
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STAR sticks to its ground in service tax tussle
Mumbai: Mainline channels like Sony Entertainment Television and Zee have made peace with the big advertisers and have agreed to absorb the 5% service tax.
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Self start: Telco begins work on NexGen UV platform
Kolkata: Telco has started work on its brand new 'second generation' platform that will eventually replace the existing car and UV platforms in the automaker's stable.
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Satyam plans to sell 10-15% equity in BPO subsidiary
Chennai: Satyam Computer Services, India's fourth-largest software services exporter, is looking to place a small portion of its equity in the 100% business process outsourcing subsidiary, Nipuna Services. 
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Tecumseh to spin off engg design center as separate firm
New Delhi: Tecumseh India, the wholly-owned subsidiary of $2 billion Tecumseh Products of the US, has decided to spin off its engineering design center called the Cadem center into a separate company.
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Scottish & Newcastle to pick up 40% in McDowell Alcobev
Kolkata: Beer giant, Scottish & Newcastle Plc. has finally formalised a joint venture with the UB Group where it is picking up a 40% stake in McDowell Alcobev Limited (MAL), a JV company between Scottish & Newcastle, UB Beer and Accra Investments. 
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BST bags domestic order
Bangalore: BST Ltd (formerly BPL Sanyo Technologies Ltd) has bagged an order to manufacture 25,000 Digital Satellite Receivers of the Celeste-11 variety worth Rs 4 crore. These sets are being manufactured specifically for the Indian market.
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Punjab Tractors to pay 70 pc
Chandigarh: The board of directors of Punjab Tractors Ltd (PTL) has recommended a 70 per cent dividend on its equity shares of Rs10 each. The company has also declared its audited financial results for the financial year 2001-02. 
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Vizag Steel prepays loan to UTI
Kolkata: Vizag Steel Plant (VSP) has prepaid Rs 155 crore of loan taken from UTI and has cleared a Rs 100 crore instalment by raising loans at a softer interest rate from the Canara Bank. 
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Rane Brake bags Rs 30-cr Rlys order
Hyderabad: Rane Brake Linings Ltd (RBL), a friction material manufacturing company situated at Pregnapur in Medak district here, has bagged an order worth Rs 30 crore from the Indian Railways for the supply of rail blocks. 
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BHEL bags Rs 80-cr order from Hindalco
New Delhi: Bharat Heavy Electricals Ltd (BHEL), the premier power equipment major, has bagged a contract from Hindalco Industries Ltd for the manufacture and supply of an environment-friendly cogeneration plant. 
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ICAI on the `level-playing' debate
Chennai: Demand for a ban on multinational firms poaching into auditing is what has been making news recently among the accounting profession in the city. An `action committee' has been formed and quite a few senior CAs addressed its convention last Sunday
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HC stays penalty on Birla Corpn
Kolkata: The Calcutta High Court has stayed an order passed by the Jute Commissioner on Birla Corporation Ltd, imposing a penalty for violating the Jute Packaging Order. 
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Eveready initiates loan revamp drive with IL&FS
Kolkata: Everready Industries India Ltd has initiated a major loan restructuring drive involving an arrangement with Infrastructure Leasing & Financial Services (IL&FS) and three of its associate companies - Natex Investment & Marketing, Williamson Financial Services. 
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Hiranandani group to set up hospital in Powai
Mumbai: The Mumbai-based real estate major, the Hiranandani group, is to set up a 110-bed hospital at Powai. 
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Technical fee for Libero, Enticer - FIPB grants permission to Yamaha to pay parent
New Delhi: The Foreign Investment Promotion Board (FIPB) has recommended grant of permission to Yamaha India to use four new trademarks - owned by Yamaha Motor Company (Japan) - for its four-stroke motorcycles in the Indian market. 
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Qualigen pact with Pall Pharmalab
Mumbai: Qualigen Fine Chemicals (QFC), a division of GlaxoSmithkline Pharmaceuticals Ltd, has entered into a strategic agreement with Pall Pharmalab Filtration Private Ltd, a subsidiary of Pall Corporation, US, for marketing a range of analytical chemistry products for sample preparation and mobile phase filtration. 
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Cabinet okay to shut HFC, FCI units
New Delhi: The Union Cabinet yesterday approved the recommendations of a Group of Ministers (GoM) to close down two units of Hindustan Fertiliser Corporation (HFC) and the Fertiliser Corporation of India, respectively. 
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Bosch Power Tools eyes larger market-share
Bangalore: Even though the market is yet to mature as in the West, the power tools segment in India is growing at 15 per cent, keeping alive the hopes of players in the organised sector to enhance their market-share. 
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Amara Raja eyes gains from partner's Varta unit buy
Chennai: The Chennai-based Amara Raja Batteries Ltd expects to benefit from its strategic alliance partner, Johnson Controls' acquisition of Varta's automotive battery division through improved market access in the Asia-Pacific region, Europe and and America. 
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NTPC confident of completing thermal projects in 3-4 years
Kolkata: Even as the chance of setting up of any new thermal power plant by independent power producers (IPPs) is not in sight, the state-owned National Thermal Power Corporation (NTPC) is confident that it will be able to complete all its ongoing thermal projects by 2005-06, thereby enabling it to supply an additional power of about 6,000 MW. 
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M&M to hike production of Scorpio
Mumbai: With the enthusiastic response to its latest sports utility vehicle, the Scorpio, Mahindra & Mahindra (M&M) is looking to increase its production at its manufacturing facility. 
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