Poor response forces MTNL to scrap buyback
The Mahanagar Telephone Nigam has dropped its plan to buyback about three million shares. The MTNL board has unanimously decided to shelve the proposal in view of adverse feedback from investors and the fate of Videsh Sanchar Nigam's global depository reciept.

TVS-Suzuki to make 4-stroke matorcycle at its Mysore plant
TVS-Suzuki, the country's second largest two-wheeler manufacturer, will produce its new four-stroke motorcycle at its Mysore plant. The decision to manufacture the motorcycle at its Mysore plant will save TVS-Suzuki an investment to the tune of Rs 50 crore.

Herbertsons denies Chhabrias allegations on fund diversion
Vijay Mallya's UB group on Tuesday refuted allegations made by the Kishore Chhabria group of financial irregularities in Herbertsons and said the Chhabrias were trying to divert attention from the fact that the accounts of BDA are not in order since the last three years.

  Poor response forces MTNL to scrap buyback
  Unilever plans -- 5-billion share buyback
  Britannia shows Zip
  IMG pitches for Kumble
  Liz Claiborne trips on Mumbai debut
  Market place
  RWE confident of lifting profits by 10% this year
  GM completes process to line up steel, which may pressure firms to cut costs
  NatWest Bank sees 34% rise in profit
  Levi Strauss to close half of its plants in North America
  HypoVereinsbank net doubles
  Kvaerner slumps into loss
  IT majors mull consortium for quality benchmark
  In brief
  Microsoft official testifies he didn't see Netscape as serious competitor
  Microsoft, Adobe initiate steps to check software piracy
  Symantec ties up with TCS for R&D
  Autodesk showcases new design toolset
  Gail may pick up 29.9 per cent equity in RPG Dholpur Power
  Malayan Banking may post profit for first half
  Herbertsons denies Chhabrias allegations on fund diversion
  Hong Kong Bank of Australia 1998 profit rises 4%
  Tidco toys with plans to fund Hi-Tech Park units
  Green bench lets Sterlite run Tuticorin plant
  Cipla makes headway in Viagra input export
  Tidco toys with new way to meet funding of Hi-Tech Park units
  HM scales down Lancer sales targets
  Corporate Briefing
  Madras HC allows Sterlite to continue production at Tuticorin smelter plant
  Chhabrias fire salvo back, file petition against Mallya
  HLL scraps contract with Lakme stockists
  Cipla races ahead in export of Viagra ingredient
  Institutions to bailout DCL Polyester
  Ministry mulls options for HPCL Punjab plan
  Unilever plans -- 5-billion share buyback
  Maruti offers cars on seven-year finance scheme
  FIs prepare bailout package for DCL Polyester
  IMG pitches for Kumble
  Liz Claiborne trips on Mumbai debut
  Market place
  RWE confident of lifting profits by 10% this year
  GM completes process to line up steel, which may pressure firms to cut costs
  NatWest Bank sees 34% rise in profit
  Levi Strauss to close half of its plants in North America
  HypoVereinsbank net doubles
  Kvaerner slumps into loss
  IT majors mull consortium for quality benchmark
  In brief
  Microsoft official testifies he didn't see Netscape as serious competitor
  Microsoft, Adobe initiate steps to check software piracy
  Symantec ties up with TCS for R&D
  Autodesk showcases new design toolset
  Gail may pick up 29.9 per cent equity in RPG Dholpur Power
  Malayan Banking may post profit for first half