Tatas buy out Jardine Motors in Concorde  
Mumbai: Tata Group has reached an agreement with Jardine Motors to acquire its 50 per cent stake in Concorde Motors Ltd. CML is currently a joint venture between the Tata Group and Jardine Motors, with each of the two partners holding 50 per cent of the equity. 
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Eveready may spin off battery, tea businesses 
Mumbai: Eveready Industries India Ltd, promoted by Brij Mohan Khaitan, may soon split its battery and tea businesses into two. The tea-to-batteries major has appointed two leading financial institutions to conduct a feasibility survey of the proposed demerger. 
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UB Group in talks with Bhutan firm for greenfield project 
New Delhi: In bid to intensify its presence in the neighbouring countries, Dr Vijay Mallya-promoted United Breweries Ltd plans to set up a new brewery in Bhutan. 
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Honda Motorcycle gears up to unveil Compact Scooter in 03  
New Delhi: Honda Motorcycle and Scooter India, the wholly-owned subsidiary of Japanese two-wheeler major Honda Motor Company, is planning to launch a compact scooter with a higher payload as its third offering in India. 
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Blue Dart in alliance with DHL Worldwide  
Mumbai: Domestic courier company Blue Dart Express forged a sales alliance on Thursday with DHL Worldwide Express as per which the latter will take care of all overseas business of the domestic company. 
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Maharashtra zips ahead in BPO race
New Delhi: Delhi and Maharashtra have beaten their competitors by a whisker to emerge as the most preferred destination for the fast growing BPO industry, according to a recently released study on Indian BPO industry by Gartner, shared exclusively with ET.
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Cellular subscribers cross 8-mn mark
Mumbai: Cellular phone users in India has crossed 8 million mark in August. All India cellular subscribers have increased from 76.9 lakhs in July 2002 to 81.7 lakhs in August, a rise of 6.24 per cent.
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Noida calling Delhi? Now, dial 12 digits
New Delhi: Soon, you will have to dial a 12-digit number for making a call to Noida or Gurgaon from Delhi, and vice versa. The DoT is implementing a new numbering scheme under which the number of digits will increase to 12 from the present nine for dialling to the neighbouring short-distance calling areas. 
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Indica may soon roll out of Rover plant in Poland
New Delhi: Telco is understood to be at an advanced stage of negotiation with British carmaker MG Rover to export its small car Indica to the UK, sources familiar with the matter said. Preliminary talks with a Chinese company are also on to export the vehicle to China. Its not easy to set up local manufacturing in China given the tough laws, sources said.
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Eicher ready to roll new truck
New Delhi: Indian heavy commercial vehicle majors Ashok Leyland and Telco will soon have some competition. Eicher Motors is finally set for a full-scale commercial launch of its heavy commercial vehicle, the 16-tonner truck 2016, by next month.
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Tatas plan to consolidate telecom biz
Mumbai: The Tatas are taking a close look at each of their telecom investments and studying options of which telecom technology or segment to retain and where from it can make an exit. 
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Luxor to foray into packed food biz
Mumbai: One of India's largest writing instruments company, Luxor, is on a diversification spree. After entering into the hotel business, the Rs 150-crore Luxor group, has now decided to foray into the bottled spring water and food business. 
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Daksh to issue ADRs to G A Partners
New Delhi: Private equity investor General Atlantic Partners will be picking up a stake in Delhi-based IT enabled services company Daksh eServices though American Depository Receipts. 
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TCS ties up with Chinese IT company
Mumbai: Tata Consultancy Services, Asia's largest software services company, has tied up with a Chinese company to tap the $ 5-billion Chinese software services market.
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Wadias take 'creeping' route to hike stake in Bombay Burmah
Mumbai: The Wadias are hiking their stake in group company Bombay Burmah Trading Corporation through the creeping acquisition route. Market sources said that the Wadias have been buying shares of Bombay Burmah in small lots from the markets over the last few days. 
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BSNL's broadband offering only in Nov
New Delhi: Bharat Sanchar Nigam Ltd (BSNL) has put off its broadband offering for its wireline customers across the country by a month. 
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Apar Tech to focus on offshore capabilities - To invest Rs 15 cr on expansion
Bangalore: Apar Technologies Ltd opened its second offshore development centre here and plans to invest a further Rs 15 crore on expansion in India, in keeping with the company's strategy to move operations offshore. 
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L&T bags Rs 581-cr IOC order
Mumbai: Larsen & Toubro Ltd has bagged a Rs 580.96-crore lump sum turnkey order (LSTK) from Indian Oil Corporation (IOC) for its refinery expansion project at Panipat.
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McDowell to hike borrowing limit to Rs 1,000 cr
Bangalore: McDowell & Co Ltd, flagship entity of the UB group spirits division, plans to increase the borrowing limit up to Rs 1,000 crore, up from Rs 500 crore at present. 
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Indian Hotels acquires Regent Hotel - Makes North Mumbai entry with Rs 452-cr deal
Mumbai: Indian Hotels Company Ltd (IHCL) along with ICICI Trustee Services Ltd (I-Ventures) has acquired Lokhandwala Hotels Pvt Ltd's (LHL) Regent Hotel for a total consideration of Rs 452 crore. 
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Pritish Nandy forays into lifestyle market
Mumbai: Pritish Nandy Communications Ltd (PNC), in a bid to expand its entertainment business, is entering the lifestyle market with the launch of a cafe and bistro. The cafe cum bistro named `Sin' being launched at Moksh, the wellness club of PNC, is part of the 10th anniversary celebrations as well as a strategic way forward, the company said in a press release. 
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Polaris hopes to turn around loss-making arms in 3 years
Chennai: Polaris Software Labs expects its loss-making subsidiaries to turn around in 18-36 months. As per the company's annual report for 2001-02, five out of the eight subsidiaries, including Polaris Retail Infotech Ltd, reported losses for the last financial year.
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Branded product sales - Tata Steel aims at Rs 600-cr turnover
Kolata: Tata Steel is planning to double its turnover from sale of branded products in this fiscal, according to top company sources. Sources said that a turnover of at least Rs 600 crore was being targeted from the sale of branded products and new were proposed to be created for cold-rolled products. 
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Williamson Magor hopes to cut debt burden
Kolkata: Williamson Magor & Co Ltd, the holding company of the B.M. Khaitan group, which has accumulated a huge debt of Rs 90 crore, will, in the current financial year, try to reduce the burden by Rs 25 crore. 
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BEML launches equipment for disaster handling
Bangalore: Bharat Earth Movers Ltd has launched two disaster-management equipment - - the radio control dozer and BE 300 hydraulic excavator - - with attachments like a combi-cutter, grappler and rock breaker.  
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