FIPB approves Templeton, Siemens investment plans
The Foreign Investment Promotion Board (FIPB) has cleared 39 foreign direct investment proposals worth about Rs 130 crore, including those of Templeton Asset Management India and Siemens Semiconductors.

Ipca Laboratories net profit rises 10% to Rs 21.42 crore
Ipca Laboratories has registered a 10.13% increase in net profits at Rs 21.42 crore for the year ended March 31, 1999 as against Rs 19.45 crore in the previous year.

Essar to supply IPCL propylene from Vadinar refinery
The Indian Petrochemicals Corporation (IPCL) has entered into a memorandum of understanding with Essar Oil for supply of propylene from its Vadinar refinery scheduled to be commissioned next year.

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  Corporate Briefing
  Essar officials get bail in duty-evasion case
  UK-based NRI group mulls takeover of sick Mysore Acetate & Chemicals
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  IT Briefs
  Corporation Bank net profit rises 15% to Rs 192.03 crore
  P-III 550 mhz launched with Rs 1-1.5 lakh tag
  RPG Netcom plans low-cost Internet-over-cable services
  Marketplace Briefing
  ITC unwraps new B&H pack