Higher insurance cost hits Air India
The recent turmoil in the aviation reinsurance market--triggered by the Swiss Air crash off the coast of Canada--has forced Air India to pay almost 30 per cent higher premium for seeking an insurance cover during 1999-2000.

Kalyani Steel, US firm join hands for speciality steel
Kalyani Steels Ltd, the speciality steel manufacturing company of the Rs 1,600-crore Pune-based Kalyani Group, and Carpenter Technology Corporation of the US have finalised a joint venture for manufacturing and distributing new speciality steel.

Larsen & Toubro may up pick up stake in Hassan Power Supply
Larsen & Toubro Ltd (L&T) is likely to pick up an equity stake in Hassan Power Supply Company Ltd, which is setting up its 200mw naphtha-based power project at Hassan in Karnataka.

  Life Insurance Corporation plans to unveil growth-linked wage scheme
  Reckitt scores in household products
  L&T, HCC in race for city sealink's Mahim, Worli interchange bid
  Gulf Oil plans lube blending plants in Bangladesh, Sri Lanka
  Zenith Computers plans to merge software arms
  Glaxo acquires 5 veterinary brands
  J&N likely to rope in marketing chief from Shalimar
  Hyundai fails to meet Santro sales target
  Reliance may take over SM Dyechem Pune plant
  Boliden Contech eyes stake in Swil
  Sipcot to develop township at Nemeli
  Cable operators set to stump ESPN in World Cup
  Satyam Infoway gaining ground
  Corporate Briefing
  Isro eyes constellation-control business
  Get e-secure for e-commerce -- HCLComnet drive to awaken India
  DoT may take over Usha Martin's Kerala, Indore operations
  Nerolac's new brand to add polish
  Gestetner to re-position its brand image
  New campaigns
  Bengalnet goes on the chat mode to attract visitors
  SBI plans 4-tier distribution chain for insurance
  Godrej to kick off top portfolios recast
  Archies expected to dole out a liberal bonus