L&T bags RBI, MoF nod to float AMC in Mauritius
Larsen and Toubro (L&T) has received permission from the Reserve Bank of India (RBI) and the ministry of finance (MoF) to float an asset management company in Mauritius. This is in line with the company strategy to focus on project exports and overseas investments in infrastructure.

Shipping Corporation to launch west coast feeder service to Colombo
In order to connect the Indian peninsula at both ends, Shipping Corporation of India (SCI) is now focusing on the coastal feeder operations by re-launching its west coast service to Colombo.

Videocon group may offload 26% stake in Samsung India 
Videocon International chairman VN Dhoot said on Monday he was “interested” in offloading the 26 per cent stake held by a group company in electronics major Samsung India Electronics Ltd (SIEL) but only at the ‘right’ price.

Tatas to target Rs 500 cr from leather business
In a bid to expand its presence in the leather market, Tata International Ltd, said on Monday that it was targeting a turnover of Rs 500 crore and proposed a major thrust on building a brand name for its ‘Stryde’ range of products.

BEST to invest Rs 672 crore for improving distribution network
The BrihanMumbai Electrcity Supply and Transport (BEST), an undertaking of BrihanMumbai Municipal Corporation has firmed up an investment plan of Rs 672 crore for 2001-06 to strengthen its distribution network in Mumbai city.

Viacom sees MTV as key to its global strategy
‘US economic recovery could take time’
GlaxoSmithkline to expand discount drug pricing plan
Iran mandates BHP to study Indo-Iran pipeline
DaimlerChrysler, China Motor plan JV
SeraNova arm renamed
China’s GM rules to slow Monsanto’s Bt corn plan
Cargill confirms divestment of rubber operations via JV
The Index: Right focus