HPL will never cede management control to IOC, says Tarun Das 
Kolkata: Haldia Petrochemicals Ltd will, under no circumstances, hand over management control to Indian Oil Corporation. 
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Refrigerator majors misleading consumers, says VOICE study 
New Delhi: Some of the leading refrigerator brands being sold in the Indian market neither carry the ISI mark, nor mention the pull-down time or cooling time, ice-making time or energy consumption value even when it is mandatory to do so. 
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HLL eyes Bengal as source of fruits, vegetables 
Mumbai: Hindustan Lever Ltd is ready to offer the latest technology to farmers or small industrialists in the state who wish to supply the multinational with horticultural products that go into its huge processed foods business. 
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Ion Exchange launches Zero-B watermart 
New Delhi: In a bid to tap the growing Rs 1,000-crore consumer water purification market, Ion Exchange India ltd, a water treatment major, Tuesday, launched a one-stop retail solution for all types of water-related problems for the household segment. 
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Telco August vehicle sales up 26 per cent 
New Delhi: Domestic vehicle sales at largest truck and bus maker Tata Engineering & Locomotive Co Ltd jumped 26.3 per cent in August to 17,488 units from 13,843 last year. 
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Petrol, diesel prices may rise marginally
New Delhi: Domestic prices of petrol and diesel may increase by almost 50 paise per litre with international prices of crude hardening by over $1 per barrel in the last few days.
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LG signs 14 captains to bat for it
New Delhi: After being hit by Samsungs ambush marketing salvo, LG, global sponsor of the Champions Trophy and the World Cup, is now striking back with a marketing coup of sorts.
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Shapoorji Pallonji, L&T in JV to build Cyber Tower in Mauritius
Mumbai: Construction majors Larsen & Toubro and Shapoorji Pallonji have formed a joint venture to construct a 12-floor Cyber Tower at Ebene Cyber City in Mauritius. The Cyber Tower is part of the Mauritius governments ambitious project `Cyber City in Ebene, near Port Louis.
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Baxter Intl on prowl for acquisitions in cancer segment
Chennai: Soon after forking out $40 million (Rs 195 crore) to put Wockhardt Lifesciences into its shopping basket, Baxter International is on the prowl for another acquisition in India to strengthen its presence in the cancer segment. It is learnt that Lazard India is the financial advisor for the prospective deal.
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Trai notice to HCL Satyam for blocking ISPs sites
Mumbai: The internal bickering among Internet service providers that came out in the open following protests by Internet telephony service providers such as Net4India and Caltiger against other ISPs blocking access to their sites seems to be getting worse by the day.
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Cable operators, TV channels at loggerheads
Mumbai: TV channels and cable operators are on the brink of war, yet again. While the Zee-owned cable distribution company Siticable has taken the STAR bouquet off its network, the STAR-owned Wincable is threatening to take off the entire Sony bouquet off air, including Discovery and CNBC.
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Modis, financial institutions on collision path
New Delhi: Serious differences seem to have cropped up between the Modi Brothers and financial institutions over the terms of the proposed deal with Apollo Tyres.
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JK Tyre to brand F1 accessories
New Delhi: JK Tyre is launching Formula 1 accessories in the country under its own brand. It is talking to South-East Asian companies for sourcing these products. The companys long standing association with the rugged, thrilling, adventurous world of motorsport is set to be even stronger. 
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Hyundai parks CV plans in garage, focus on exports
New Delhi: Hyundai Motor India has decided to put its commercial vehicles interests on the back burner for the moment. According to sources in the company, HMI has decided to build on its core competence in cars and concentrate on raising exports before getting into commercial vehicles which may not fetch significant growth. 
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Desi McDonalds gets one up on phirang outlets
New Delhi: You may be big and fat, but dont expect you can blame Big Mac for that. At least not in India. McDonalds India is already using an oil for fries that is heart-friendly.
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Linc to launch new oil-based gel pens
Kolkata: LINC Pen & Plastics, the Rs 60-crore writing instrument group, is set to launch a new range of OBG (oil-based gel) pens at half the price of normal gel pens to offset adverse effects of growth of unorganised sector.
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Dabur launches `Thalix' - To highlight adverse effects
New Delhi: Against the backdrop of a global controversy over Thalidomide and expectant mothers, Dabur India's pharma division on Monday launched Thalix, its brand of Thalidomide - a new drug formulation used in the treatment of a type of blood cancer called multiple myeloma and a painful skin condition associated with leprosy called Erythma Nodosum Leprosum (ENL). 
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Preference for staff-led bids in MOIL sell-off
New Delhi: The Ministry of Disinvestment (MoD) is considering a proposal to allow employee-led bids to enjoy preference over other bids for the proposed privatisation of Manganese Ore (India) Ltd (MOIL). 
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Kodak open offer
Mumbai: The open offer for shareholders of Kodak India Ltd will open on September 11 and close on October 10. The open offer is made by Kodak Ltd, UK, which is making a voluntary offer to the public shareholders of Kodak India Ltd to to acquire 2.8 million shares aggregating 25.24 per cent of the paid-up capital of Kodak India at Rs 350 per share. 
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Generating wealth from waste
It's a story of generation of wealth from waste. Tata Pigments Ltd, a 100 per cent subsidiary of Tata Steel, is hopeful of recording a growth of 20 per cent in turnover terms over last fiscal. 
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Essar Steel revamp soon
Hazira: After restructuring its power business recently, the Essar group is hopeful of restructuring its steel outfit, Essar Steel Ltd, soon. The proposed restructuring is through re-scheduling of high-interest loans to market-related rates for which negotiations with the financial institutions are at an advanced stage.
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Aurobindo Pharma to complete revamp process this fiscal
Hyderabad: Aurobindo Pharma Ltd (APL), the Hyderabad-based Rs 1,050-crore integrated pharmaceutical company that ranks among the top five Indian pharma companies, expects to complete almost all of its revamping tasks before the end of current fiscal year.
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German Remedies to close Andheri plant, offer VRS
Mumbai: German Remedies Ltd will offer voluntary retirement scheme to its employees at the manufacturing facility located in Andheri, Mumbai. This is part of a restructuring exercise to synergise the operations of Zydus Cadila and German Remedies.
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Iran co to exit MFL during strategic sale
New Delhi: Bidders had raised concern over the special rights enjoyed by NIOCL since this would work against the strategic investor in MFL, thereby dampening interest in pursuing a stake. 
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Pepsi plans for tender coconut water unit in Bengal
Kolkata: Pepsi has proposed to set up a processing unit for tender coconut water in West Bengal. 
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CLB expands areas of single-member Bench
New Delhi: With the reduction in the number of its members from nine to three, the Company Law Board (CLB) has now allowed even single-member Benches to hear applications, in an effort to ensure continued smooth functioning. 
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AITUC hits out at `hasty' steps to privatise Salem Steel Plant
New Delhi: Even as the Union Government is still groping for an amicable political solution to the disinvestment imbroglio over the strategic sale of HPCL and BPCL, yet another controversy is being raked up over the proposed privatisation of Salem Steel Plant. 
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Programme on TQM
Hyderabad: The Small Industries Service Institute (SISI) is organising a one-day awareness programme on ISO-9000/ Total Quality Management (TQM) for the benefit of small-scale units on October 10. 
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Philips sprucing up audio segment - Plans new models to take on Chinese radios
Mumbai: Consumer electronics major Philips India Ltd has projected a 22-25 per cent growth rate for its audio segment. According to ORG-GFK, the audio industry is pegged at Rs 1,000 crore and is currently de-growing at a rate of four per cent. 
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Tata Steel: Future plans on course
Tata Iron and Steel Company (Tata Steel), Asia's first and the country's largest integrated private sector steel plant, is aiming to become a EVA positive company ahead of the three year time frame that it had set for itself. 
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Tata Engineering vehicle sales up 26% in Apr-Aug
Mumbai: Tata Engineering has reported a 25.8 per cent increase in sale of vehicles at 73,999 units for the period April-August 2002 against 58,835 units sold in the corresponding period last year.
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Eicher Motors CV sales up 58% in Aug
New Delhi: Eicher Motors Ltd (EML) has recorded a growth of 58 per cent in sales of its commercial vehicles in the domestic market during August 2002 over that in the same month last year. 
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