CORPORATE DISPUTES
Authenticity of Priyamvada's 1982 will questioned
THE hearing in the discharge of caveat case filed by the four Birlas in the will of Priyamvada Devi Birla, came up for hearing before Mr Justice Kalyan Jyoti Sengupta of the Calcutta High Court on Wednesday. Resuming arguments, Mr Anindya ... More

Reliance row: Will shareholder interests be the first casualty?
IS the conflict between the Ambani brothers beginning to spill over into the business domain of the group companies affecting the larger shareholder interests? It does appear so at least in the case of Reliance Energy if the developments at ... More

HUMAN RESOURCES
Record overseas job offers at IIM-B
THE Class of 2006 at the Indian Institute of Management, Bangalore, has created history of sorts with 43 students out of 163 getting overseas offers for summer placements. According to a release by the institute, this is the highest across all ... More

New initiative to groom graduates for industry needs
THANKS to the new industry-Government-university alliance in Andhra Pradesh, companies can now stop worrying about poor quality of output from colleges eating into their time and investment. Thanks also to the liaison, they need no longer ... More

MERGERS & ACQUISITIONS
REL to bid for UP's five distribution cos
RELIANCE Energy Ltd will bid for five electricity distribution companies in Uttar Pradesh up for sale through a Government-initiated international bidding process. This decision was taken by the REL board, which met on Tuesday to consider the ... More

Cabinet clears Konark Met merger with Neelachal
THE Union Cabinet on Wednesday approved the merger of Konark Met Coke Ltd (KMCL) with Neelachal Ispat Nigam Ltd (NINL), the two joint venture projects promoted by public sector MMTC. The merger will result in savings of about Rs 91 crore per ... More

Vangal leads group to bid for Shaw Wallace liquor business
THE founder Chairman of Scandant Group, Mr Ramesh Vangal, who rekindled his liquor business interests recently, is leading a consortium of investors to bid for Shaw Wallace & Co's liquor business, which is on the block. A successful bid could .. More

NEW PROJECTS
Time Travels sets up call centre, to expand water biz
TIME Travels and Tours Ltd, part of the Chennai-based Time group with diversified interests, has set up a call centre to cater to its customers. It also announced plans to offer international tour packages and expand its packaged water ... More

REGULATORY BODIES & RULINGS
CLB chairman, member term extended
THE period of uncertainty over the fate of the Company Law Board (CLB) seems to have ended with the Government extending the terms of its Chairman and a member for a period of six months. The board, which has been functioning as an independent ... More

ALLIANCES & JOINT VENTURES
Carlco's CTP Gills, Suprajit Engg form venture for auto cables
IN a move that will see the CTP Gills Cables reduce its manufacturing activity and retain itself as an engineering and technical development centre over a period, the UK-based company has entered into a joint venture with Suprajit Engineering, an ... More

OUTLOOK
Biocon looks to move out of generics in long term
BIOCON'S long-term aim is to move out of making copycat drugs to discovering new drugs, the first of which is in the midst of clinical trials. Ms Kiran Mazumdar-Shaw, Biocon's Chairman and Managing Director, said the first proprietary drug (an ... More

PERFORMANCE
Maruti sales rise 7.8 pc in November
MARUTI Udyog Ltd, India's largest car manufacturer, on Wednesday, reported a 7.8 per cent jump in sales in November even though its flagship model Maruti 800 car saw a sharp decline. Maruti sold 42,842 units in November 2004 as opposed to ... More

Bajaj Auto sales up 35% in Nov
BAJAJ Auto Ltd said that it has had a record sale of two- and three-wheelers during November at 1,82,360 units, a 35.7 per cent increase from last November's sales of 1,34,363 vehicles. Motorcycle sales also touched a record high of 1,66,626 ... More

Hero Honda sales rise 15 pc
Hero Honda has registered a 15 per cent increase in sales of its motorcycles in November 2004 to 2,35,836 units compared with 2,04,533 motorcycles sold during the same month last year. According to a company statement, capacity constraints ... More

TVS bike sales up 35 pc
TVS Motor Company sold 65,066 motorcycles in November compared with 48,052 units in the same period last year - a growth of 35 per cent. Buoyed by good demand for motorcycles the total two-wheeler sales clocked 1,07,830 units, recording a ... More