VSNL gets nod to invest Rs 100 cr in New Skies
The Union Cabinet has given its approval to Videsh Sanchar Nigam Ltd (VSNL) for investing Rs 100 crore in picking up 3.02% stake in New Skies Satellites, NV, an IntelSat subsidiary, which is launching the K-TV satellite over the Indian ocean on April 28.

British-Gas India to float tenders to source LNG
British Gas India Pvt Ltd, the wholly-owned subsidiary of $17 billion global gas-chain major British Gas, will shortly float global tenders for sourcing liquified natural gas (LNG) for the 5.3 million tonnes per annum (mtpa) LNG import terminal project at Pipavav on the Saurashtra coast.

Govt mulls mini-ratna status to SCI
The government is considering conferring mini-ratna status on the Shipping Corporation of India (SCI). The ministry of surface transport has recommended SCI's case to the department of public enterprises.

  Reliance likely to accept Unit Trust nominee on board
  Ministry rules out Maruti selloff this fiscal
  NPPA cuts Becosule, Zevit rates; hikes Dettol, Novalgin prices
  Pfizer, SmithKline bottomlines to be hit
  Shell terms may prompt Nocil to relaunch VRS plan
  ICI to sell 4 businesses to Huntsman for $2.8 bn
  Corporate Briefing
  US firm Reymond Karsan to pick 10% stake in Boss Industries
  Videocon catches World Cup fever, to unveil 22 products
  Gridco bid to privatise Cesco hits a roadblock
  Capacity expansion, product price hike hold key to CRL growth
  Wipro bags 20-million pound order from British firm
  Ranbaxy net profit dips 16% to Rs 48.5 crore
  Pentafour Software to consider bonus; board meet on April 29
  IDBI Bank makes debut at 16 per cent discount
  NIIT Q2 net jumps 59%to Rs 19.9 crore
  Tata AMC to launch gilt fund
  SmithKline Beecham Pharma Q1 net falls 28% to Rs 7.9 cr
  American Power plans UPS unitin Bangalore
  India Foils to focus on customised products
  Tanfac Ind profit up to Rs 7.42 crore
  Shaw Wallace beer brand sales increase ten-fold
  APC to set up UPS plant, shift HQ to Bangalore
  PictureTel to push new products in India
  Intel Corp launches networking products
  MTNL reports 25% fall in telephone demand in capital
  Kirloskar to fan competition with new range of ACs
  New Campaigns
  Mysore Sandal to extend brand equity
  Adidas and ASDA show true stripes in trademark battle
  Briefing
  PFC to raise $100m ECB to meet borrowing target
  MSEB draws up Rs 350cr system improvement plan for 8 districts
  NTPC's new unit at Vindhyachal to go on stream by July
  State Bank promotes 7 CGMs as deputy managing directors
  Daewoo to pay 9% for delayed Matiz delivery
  Swisscom faces probe for writing off losses on India, Malaysia holdings
  US insurance firm Metlife awaits IRA Bill passage to open shop
  Torrent gets nod to sell GTEC stake to PowerGen