Moser Baer changes auditors
New Delhi: Moser Baer India Ltd yesterday said its statutory auditors, S.R. Batliboi & Co, have resigned, a development that pulled down the stock of the company by about 20 per cent.

The company said its Board of Directors has recommended the appointment of K.C. Khanna & Co. as the new statutory auditors of the company.
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Tisco looking for acquisitions
Tata Iron & Steel Company is looking at central and east European countries to pick up steel mills that may be up for privatisation.
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Herbertsons matter to be resolved shortly
Mumbai: The Herbertsons matter involving United Breweries Chairman, Mr Vijay Mallya, and Mr Kishore Chhabria is expected to be finally resolved in the next two-three weeks. Mr Mallya is set to take over Mr Chhabria's 43 per cent stake in Herbertsons.
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Sami Labs upbeat on herbal products
Bangalore: Sami Labs, which is into research and export of standardised herbal products until April 2002 now wants to be a significant player in nutraceuticals
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Satnam to supply rice to Taj Group
Mumbai: Satnam Overseas Ltd, yesterday announced the signing of an exclusive agreement with the Taj Group of Hotels to provide the entire requirement of rice for all the Taj properties across India amid stiff competition from major rice players in the country.
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BSES declares 10 percent dividend
Mumbai: BSES Ltd yesterday declared a 10 per cent dividend, amounting to Re 1 per share for the quarter ended June 30, 2003.

The announcement follows BSES' board decision on July 28 to pay its 1.2-lakh shareholders a dividend every quarter instead of one consolidated annual payment.
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JK Ind sells bulk drug unit
J.K. Industries Ltd yesterday said that the company has exited from the bulk drug business by selling its wholly-owned subsidiary — J.K. Drugs and Pharmaceuticals Ltd to TEVA Pharmaceuticals of Israel.
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L&T Oman wins Rs 42-cr order
Mumbai: L&T Oman LLC, the Gulf-based subsidiary of Larsen & Toubro, has bagged a Rs 42 crore order in Oman, for a flyover for the Muscat Municipality of the Sultanate.
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Ford launches Ikon variant Flair
Bangalore: Ford India yesterday launched an under Rs 5-lakh fully featured Ikon variant Flair to draw customers from the high volume B plus segment.

"We expect car owners in the B plus segment to switch over to our car because of our competitive pricing coupled with high quality," the Ford India Managing Director and President, Mr David Friedman, told a news conference.
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Indo Gulf Fertilisers to delist
Mumbai: Indo Gulf Fertilisers Ltd has informed BSE that at the Annual General Meeting of the company held on August 2, the members have passed a resolution to delisting its equity shares from the stock exchanges at Ahmedabad, Bangalore, Kolkata, Delhi and Chennai.
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Tata Tele to go for pre-paid service
Hyderabad: Tata Teleservices Ltd, the basic telecom services provider in several circles including Andhra Pradesh, has drawn up plans to invest about Rs 300 crore this fiscal in network and related IT infrastructure expansion and launch of a pre-paid CDMA limited mobility service.
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AirTel launches`Happy Plan' in AP
Hyderabad: Launching its new service in the Andhra Pradesh market, AirTel, having garnered a subscriber base of four million users, has drawn up plans to invest Rs 1,200 crore this fiscal.
The Chief Operating Officer of Bharti Cellular Ltd (Andhra Pradesh), Mr K. Srinivas, in a press release said, "We are delighted to reach the historical milestone of four million customers.

In a cluttered telecom space with multiple tariff plans, this new service will bridge the value gap. With increasing number of customers choosing pre-paid plans, we have bridged the value gap, which is perceived to be a differentiator to these intending customers by launching AirTel Happy Plan for the post-paid subscribers."
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ITI to sell Rai Bareilly plant
Bangalore: ITI Ltd, plans to sell its Rae Bareli plant in near term in its bid to rationalise seven manufacturing facilities across the country, the Chairman and Managing Director, Mr V.K. Pandey, said.

The company also plans to close one of its plants in Bangalore
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NIIT, M.P. varsity in partnership
Coimbatore: Rajiv Gandhi Proudyogiki Vishwavidyalaya (Technical University) in Madhya Pradesh and IT education training institute, NIIT, have joined hands to offer a four-year B. Tech degree programme in software engineering.

The exclusive alliance will allow DNIIT students from NIIT's education network across 31 countries to pursue the University's B. Tech programme through e-learning and distance learning.
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