Reliance banks on BSES tele backbone for infocom project 
Mumbai: In a manner which is very typical of the Reliance Group utilising its investment to the maximum the Group is leveraging the assets of BSES Telecom Ltd to further its infocom project in the western suburbs of Mumbai.
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Cost cutting may fetch Rs 100 crore for Ranbaxy 
Mumbai: Cost saving seems to be the buzz word for Indias largest pharmaceutical company, Ranbaxy Laboratories. 
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TPC plans telecom thrust to boost earnings 
Mumbai: Tata Power Company is all set to emerge as a major player in the countrys telecom sector, earning more than 16 per cent rate of return as compared to that of its core power business. 
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ONGC to move govt in PMT case 
New Delhi: Oil and Natural Gas Corporation will move the government next week for intervention in its row with British Gas over management of Panna-Mukta and Tapti oil and gas field as the British oil and gas major has refused to share power with partners as previously agreeded. 
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ONGC to open up its idle fields to other firms for exploration  
Mumbai: The Oil and Natural Gas Corporation has decided to open up their idle oil and gas fields for exploration to other companies, to increase crude production. Some of the fields have been discovered but not explored by ONGC as yet. 
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Malaysia Air eyes more destinations, flights to India 
New Delhi: Recognising the vast business potential in passenger traffic to and from India, Malaysia Airlines, the national carrier of Malaysia, has sought permission from the government of India for almost doubling its frequency to and from India.
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Marutis B-segment cars declining volumes 
New Delhi: Indias leading car manufacturer Maruti Udyog is not only facing a threat to its basic model Maruti-800. The company has seen a sharp drop in volumes in the B-segment, which is the most voluminous segment in the car market. 
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ONGC to buy back 12% shares held by IOC, Gail
Mumbai: The Oil and Natural Gas Corporation is considering buying back its shares held by IndianOil and the Gas Authority of India. Company officials say the deal is expected to improve ONGCs fundamental valuation, though it will further reduce liquidity in the stock. 
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Coal India's worth more than HPCL
Mumbai: Did you know that National Thermal Power Corporation has the second-highest net worth among all the public sector units after Oil and Natural Gas Corporation?
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Petrol, diesel prices hiked
New Delhi: State-run oil companies on Sunday announced upto 50 paise per litre increase in the retail selling price of petrol and diesel, effective from midnight.
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M&M hits supply bump, closes Scorpio bookings
Mumbai: Mahindra & Mahindra, the countrys largest tractor and utility vehicle maker, has closed bookings for its recently launched SUV, Scorpio, in Delhi and other northern markets leading industry observers to speculate that it is facing a shortage of raw material. 
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After a gap of 10 years, IA sets out to hire cabin crew
New Delhi: If you are looking forward to see fresh, young faces welcoming you on board Indian Airlines, your long wait will be over soon. The public sector airline is all set to hire cabin crew after a gap of 10 years. 
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NSI Golbal plans JV with Infinium Comm
Ahmedabad: The wireless communication equipment and services major, the Canada-based NSI Global is planning to set up a joint venture company with a lesser known Ahmedabad-based company Infinium Communications. 
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AV Birla group to go slow on power projects
Mumbai: After vigorously pursuing two thermal power projects Rosa Power in Uttar Pradesh and Bina Power in Madhya Pradesh, the Aditya Birla Group has finally put them on the backburner. 
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Pantaloon bags EMR for '03 cricket World Cup
Mumbai: Want to watch the World Cup wearing the cap of Sachin? Pantaloon Retail (India) Ltd has struck a deal with International Cricket Council (ICC) for exclusive merchandising rights in India for apparels and accessories using the logo and mascot of the world cup cricket tournament to be held in South Africa from February 8, 2003. 
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Fat fleet: A-I to shell out $2 bn for 38 planes
New Delhi: The Maharajah is planning big. Having returned to profits after six years, Air-India is worked out a fleet acquisition plan that involves purchase of 38 aircraft over a 5-year period at a cost of more than $2 billion. Of this 17 would be 250-seaters while the rest would be 150-seaters. 
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Planet M opens outlet in Kolkata
Kolkata: As they rocked to O Meri Munni and screamed for more from Remo, you realised it was just the thing Camac Street did not have for so long. Planet M.
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UMW Ind sitting pretty with tech update
Coimbatore: While the traditional majors in the textile machinery manufacturing line had found it hard to cope with the pressures from within and outside, an old guard managed to withstand the storm by venturing into non-traditional textile machinery manufacture and by initiating efforts on the research and development front. 
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BSNL threat to divert traffic through Bharti, Data Access - VSNL mulls legal action against DoT
New Delhi: Videsh Sanchar Nigam Ltd (VSNL) is contemplating legal action against the Department of Telecommunications (DoT) if Bharat Sanchar Nigam Ltd (BSNL) stops routing the outgoing international traffic of its subscribers through its network, in favour the other private operators. 
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Quality does it
Three Indo-Thai organisations hit the headlines in Bangkok recently by winning the prestigious Deming Quality Award and the TPM Excellence Award. 
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Madras HC dismisses criminal suit against co official
Chennai: The Madras High Court has held that "bald" allegations against a director of a city-based company, without any material whatsoever as to the participation of himself in the conduct of the business and the affairs of the Company, would not be suffice to proceed against him under the Code of Criminal Procedure. 
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Hyundai to step up exports
New Delhi: Hyundai India Motor Ltd plans to scale up its exports from 7,000 cars to about 7,500 cars. "We expect to export cars to Indonesia, Nepal and Algeria next month. Seventy per cent of the exports comprise Santros and the rest are Accent cars. 
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