Bayer (I) plans consolidation via acquisition, research 
New Delhi: Bayer India, the Indian subsidiary of German healthcare and cropscience major Bayer AG, is looking for consolidation and expansion in the domestic market through aquisitions, co-marketing, partnerships and launch of its branded over-the-counter formulations. 
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Tata Tea outlines new brand promo, export thrust 
Kolkata: Tata Tea Ltd has outlined an innovative brand promotion strategy under which the company will focus more on promoting packet tea rather than loose tea, according to the Tata Tea chairman, Ratan Tata. 
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NPIL to close Mumbai property deal soon 
Mumbai: Nicholas Piramal India Ltd is close to finalising its sale of Bhandup property to Piramal Holdings Ltd for a consideration of Rs 13 crore. The Bhandup property had come to NPIL through the acquisition of Rhone-Poulenc India Ltd. 
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Infosys, L&T to chip cin for local assembly of SU-30MKIs 
New Delhi: Five Indian companies, including L&T and Infosys, are likely to participate in the first licensed assembly production of SU-30MKI for the Indian Air Force to start in 2004. 
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BPCL to hike stake in Bina refinery; Oman Oil opts out 
New Delhi: With Oman Oil Company Ltd deciding against any additional investments in the Bina refinery project in Madhya Pradesh, Bharat Petroleum Corporation Ltd has decided to increase its stake in the project from 26 per cent to 50 per cent. 
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Rape of the rock: Coca-Cola, Pepsi fined Rs 2 lakh each 
New Delhi: The Supreme Court on Monday directed Coca Cola India and Pepsico to pay within 48 hours Rs 2 lakh each for video-filming of the entire area along the Manali-Rohtang highway where rocks have been defaced with advertisements. 
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Cabinet meet on VRS in ONGC, BPCL tomorrow 
New Delhi: The Cabinet is likely to consider on Wednesday introduction of voluntary retirement schemes in Oil and Natural Gas Corporation and Bharat Petroleum Corporation to shed excess flab. 
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Noel Tata may take over as Chairman eventually
Mumbai: It's all in the name, they say. So much has been written about the global hunt for Ratan Tata's successor, but in the end, it will probably stay within the family. Indications are that Noel Tata might gradually be groomed for a bigger role in the group.
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ICAI suspends Ferguson partner
New Delhi: It never rains, it pours. After the unseemly spat between AF Ferguson and the Tata Group, here comes some embarrassment for the reputed chartered accountancy firm.
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ISPs: From stand-alones to add-ons
Mumbai: From its heady days of flashy ads and raging discount wars, major ISPs are now fast losing their stand-alone status, as they become cogs in the wheels of the larger telecom ambitions of their corporate owners.
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DCA to bar directors of erring firms
New Delhi: DCA is planning to put in place a framework to track corporate directors who are disqualified from holding office in any company for a period of five years under the provisions of section 274 (1) (g) of the Companies Act.
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Eleven firms submit EoI for Nalco
New Delhi: Undeterred by the increasing political opposition to the privatisation of National Aluminium Company, 11 companies have submitted their expression of interest to buy the stake being divested by the government, as the deadline for submitting EoIs passed this evening. 
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Tata Tea to boost exports by 15%
Kolkata: Tata Tea aims to grow its export volumes by 15% in the current year with an eye on new markets.
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Mukta Arts forays into TV software
Mumbai: Mukta Arts, primarily a film production company, has now diversified into television software production by launching a wholly-owned subsidiary called Mukta Prime 3 Teleworks. Mukta intends to invest Rs 3 crore into the software project.
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Slab to sink: No decline in vigour, Vim at 99
Mumbai: HLL is adding more vim to one of its power brand. Vim, which will complete 100 years next year, will be cleaning more than utensils.
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Tata Tea forced to call poll for 8 resolutions at AGM
Kolkata: Tata Tea Limited was forced to call a poll for all eight resolutions at its annual general meeting held here on Monday after one of the share-holders raised an objection to them.
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Continental to outsource 2-wheeler tyres from Metro
New Delhi: German tyre major, Contintental AG has decided to outsource two-wheelers tyres from the Delhi based Metro Tyres.
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Nocil to sell HDPE pipe unit
Mumbai: After closing down the petrochemical unit in Thane, National Organic Chemicals has decided to sell its high density poly ethylene pipe manufacturing unit at Akola, Maharashtra.
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Ratan Tata steps down from HPL board
Kolkata: Ratan Tata, Chairman, Tata Sons and the other Tata group representative on the board of Haldia Petrochemicals Ltd, Shyamal Gupta, have stepped down from the HPL board. 
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TCCL defends environment record - To phase out mercury cell units
Kochi: Travancore-Cochin Chemicals Ltd (TCCL) is in the process of gradually phasing out its mercury cell units and it is totally incorrect to say that the company has taken no environment protection initiatives on account of a cash crunch.
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Indo Rama to focus on specialty fibres
Coimbatore: Indo Rama Synthetics (India) Ltd (IRSL), which is doubling its polyester stable fibre (PSF) production capacity at its Butibori plant, is focussing on supply and marketing of speciality fibres, especially for the sewing thread application to take advantage of the emerging newer applications both in apparel and industrial textiles. 
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Tata Tea to rationalise manpower
Kolkata: Tata Tea has worked out a three-pronged strategy to increase shareholder value. The company has proposed to rationalise manpower, enhance its current EVA (economic value-added) status, and develop and introduce new products in the market. 
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India Cements in talks with lenders for debt recast
Chennai: India Cements Ltd has approached the financial institutions led by IDBI for a restructuring of its debt.
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Need to bring Aspirin into India - `Impact of job cuts yet to emerge'
New Delhi: Even as the original Aspirin, from Bayer AG, prepares to make its entry into India - a clear picture is yet to emerge on the impact in India of the massive job-cuts globally announced by the German parent last week. 
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HDFC, IDFC, IL&FS may pick Sical stake
Mumbai: HDFC, IDFC and IL&FS are likely to pick up equity stake in South India Corporation (Agencies) Ltd (Sical).
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DCA seeks details of Coke divestment plan
New Delhi: Adding a new twist to the issue of disinvestment of 49 per cent equity in favour of Indian shareholders by Coca-Cola in its Indian subsidiary Hindustan Coca-Cola Holdings Private Ltd (HCHPL), the Department of Company Affairs (DCA) has asked the Department of Industrial Policy and Promotion (DIPP) to provide details about the disinvestment conditions laid down on the US-based soft drink multinational when it was permitted to re-enter India in 1997. 
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Apollo Tyres ties up with Cummins Auto
New Delhi: Apollo Tyres Ltd (ATL) has signed a memorandum of understanding with Cummins Auto Services Ltd. (CASL) to set up exclusive Apollo Tyre World outlets at all CASL Full Service Truck Stop - Suraksha. 
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Digital's TSCC expects break-even by next June
Bangalore: Digital Globalsoft's initiative in the IT enabled services space - Technical Support Contact Centre (TSCC) - is expected to report a break-even by the June quarter of the financial year 2003-04, .
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Kennametal sees Widia as sourcing hub for Asia-Pacific
Bangalore: The world's second largest metals company Kennametal Inc, which bought out Widia India, sees India emerging as a sourcing hub for South-East Asia and Asia-Pacific region. 
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Insider trading in Brooke Bond merger case - Court summons to HLL, directors
Mumbai: The Metropolitan Magistrate's Court in the city yesterday issued summons to Hindustan Lever Ltd and its directors in a criminal complaint filed by SEBI in 1998 for alleged insider trading by them prior to the merger of Brooke Bond India Ltd with with HLL. 
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