Indal investors to get Rs 221/share from Sterlite 
New Delhi: The Supreme Court on Monday dismissed a special leave petition filed by Sterlite Industries and upheld the Delhi high court order directing the company to pay its shareholders for their Indian Aluminium Co (Indal) shares at Rs 221 per share along with interest. 
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IHCL grooms Regent in Taj mould 
Mumbai: In a major re-branding and re-structuring exercise, post the acquisition of The Regent (Mumbai), re-named the Taj Lands End, Indian Hotels Company Ltd is aggresively moulding its new acquisition to its brand. 
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ICI India to sell catalyst business to Johnson Matthey 
Mumbai: The Indian subsidiary of ICI Plc Group, ICI India has decided to divest its catalyst business to Johnson Matthey group for a consideration of about Rs 140 crore. 
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GACL to raise Rs 2,000 crore, to seek shareholders approval 
Mumbai: Gujarat Ambuja Cements Ltd is planning to raise a sum of Rs 2,000 crore by issue of various instruments. 
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GlaxoSmithKline hires Jones Lang for Mumbai property pisposal 
Mumbai: GlaxoSmithKline Pharmaceuticals has roped in Jones Lang LaSalle to undertake the process of disposing off the Worli free hold property in the prime location of Central Mumbai. 
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Indica crosses two lakh sales mark 
New Delhi: Tata Engineering has crossed the two lakh mark in sales of its flagship passenger car Indica, inclusive of exports, within 43 months since commencement of its sales. 
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Cell operators to get 10% of STD revenues
New Delhi: After being flayed to the bone by keen competition amongst themselves, cellular operators are finally poised to get their own pound of flesh. Their income will get a boost when they get a significantly higher share of the revenue generated by long distance calls than the measly share they get present.
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Hutch may buy Escotel's Punjab circle
New Delhi: Often a company wants to do a deal one way, but then market compulsions force it to settle for a second-best option. This is perhaps what's happening with the Escorts group's telecom venture, Escorts Telecom Ltd, a wholly-owned subsidiary of Escorts Ltd. 
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Hitachi to buy Lalbhai's 35% in JV
Mumbai: Japanese consumer electronics major Hitachi is close to buying out the Lalbhai group's 35 per cent stake in its joint venture Amtrex Hitachi Appliances.
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High credit card rates questioned
Mumbai: Vijay Kelkar, advisor to Finance Minister Jaswant Singh, has questioned banks on the exorbitant interest rates on credit cards. 
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Hyundai India pays 15% to parent
Mumbai: Hyundai Motor India, the South Korean auto giants 100 per cent Indian subsidiary, has become the first foreign auto company to pay a dividend since the economy was liberalised in 1991.
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Kinleys numero uno, says Coca-Cola
New Delhi: Kinley has overtaken Bisleri to emerge as the largest-selling packaged drinking water brand in the country, said a Coca-Cola release. The national retail stores audit by ORG-Marg for the year ended July 31, 2002, put Kinleys marketshare at 35.1 per cent compared to Bisleris 34.4 per cent.
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Gillette puts up Geep for sale
New Delhi: Gillette has put its non-alkaline battery brand Geep on the block. The committee set up to evaluate the performance of non-alkaline business has decided to divest the business in view of the current market scenario, said a company press release.
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Bajaj Auto plans assembly lines in Indonesia via JVs
Mumbai: As a part of its new overseas thrust, two-wheeler major Bajaj Auto is looking at assembly opportunities in Indonesia in collaboration with local partners.
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Reliance inks pact with FreeMarkets
Mumbai: Reliance has signed up with FreeMarkets for electronic procurement of materials from various sectors, including petroleum, textiles, telecom and infocom industries, for the next one year.
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Domino's staff to share piece of pizza pie
Mumbai: Dominos Pizza is now baking the entrepreneurship dough. The $3.5-billion pizza chain is now set to turn a number of its Indian employees into businessmen.
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Nafed posts 55% rise in turnover
Mumbai: National Agricultural Cooperative Marketing Federation of India (Nafed) has registered a 55 per cent increase in turnover at Rs 1,666 crore in 2001-02 compared to Rs 1,077 crore last year. That spells an increase of Rs 589 crore.
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Desi pharma cos' sparkle blinds multinationals
New Delhi: Its a bit of Indian magic happening at the top of the charts in the pharma industry. According to an ICRA study on the pharma industry, the market share of a number of Indian companies have increased at the expense of MNC players. 
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FedEx formalises break-up with Blue Dart
New Delhi: Federal Express has formally announced the break-up of its alliance with Blue Dart. The 5-year old alliance is ending on September 30 this year. Blue Dart has in the meantime tied-up with DHL worldwide. 
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GM launches limited edition Opel Astra Club
Bangalore: General Motors India has launched a limited edition model based on the top-of-the-line `Opel Astra Club'. The new special edition is available on a first-come-first-served basis. T
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Cimmco Birla shuts unit as Concor encashes guarantee - Arbitration proceedings invoked
Hyderabad: The encashment of major bank guarantees worth around Rs 39 crore followed by cancellation of orders of around Rs 144 crore by Container Corporation of India Ltd (Concor) has distorted the financial performance of Cimmco Birla, one of the leading manufacturers of wagons and coaching under-frames. 
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Dr Reddy's wins case over `Omez'
Hyderabad: Dr Reddy's Laboratories has survived yet another onslaught on one of its leading anti-ulcerant drugs, Omez. 
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Govt plans to review taxing of dividends
New Delhi: The existing policy on taxation of dividends is in for a review. The Finance Ministry has finally set the ball rolling by initiating an exercise of examining the pros and cons of taxing dividends at the hands of shareholders. 
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Deepak Nitrite to consolidate two divisions
New Delhi: Deepak Nitrite Ltd has decided to consolidate two of the existing divisions of the company - nitrite and nitroaromatic divisions, adjacent to each other in Nandesari in Baroda. 
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ONGC to pick up part of HPCL stake in MRPL
New Delhi: OIL and Natural Gas Corporation Ltd plans to buy part of Hindustan Petroleum Corporation's 37.5 per cent stake in Mangalore Refinery and Petrochemicals Ltd for Rs 2 per share. 
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Hinduja TMT to take Cable Video
Mumbai: HindujaA TMT Ltd's media holding subsidiary InNetwork Entertainment Ltd will acquire 49 per cent stake in Cable Video India Ltd from Asia Vision Entertainment Private Ltd and its associates. 
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Rs 10-cr outlay for new Kinley plant
New Delhi: Two of Coca-Cola India's key bottling partners, namely the Gandharis and Goenkas, are investing Rs 10 crore for a new bottling water plant in Punjab for CCI's packaged water brand, Kinley. 
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Siemens Mobile to sell Softex products
Thiruvanathapuram: The Technopark-based Softex Computer Consultants has entered into a long-term agreement with Siemens Pvt Ltd Information and Communication Mobile, Germany, to globally market software products developed by it for general packet radio service and 3G cell phones and other mobile devices. 
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TAFE's Engg Plastics eyes higher turnover
The Engineering Plastics Division of Tractors and Farm Equipment Ltd hopes to end this year with a turnover of about Rs 85 crore, up from the Rs 60 crore it achieved last year. Th
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MphasiS eyeing acquisition in software services sector
Bangalore: MphasiS BFL Ltd, the Bangalore-based technology company with operations in software services as well as the call centre space, is on the `lookout' for acquisitions in the software sector. 
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Jubilant revenues up 11 pc in first 5 months
New Delhi: Jubilant Organosys Ltd, formerly Vam Organic Chemicals Ltd, has recorded an 11-per cent increase in revenues during the first five months of the current fiscal to Rs 273.7 crore. 
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Slowdown in sales - SAIL plants advancing capital repair schedules
With the market slowing down somewhat, some of the major integrated steel plants under Steel Authority of India Ltd (SAIL) are advancing capital repair schedules to slow down production and prevent a build-up of inventories. 
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