Tata Electric, BSES to bid for strategic sale of APSEB
Tata Electric Companies (TEC) and BSES, the country's two largest power distributors, may find themselves as contenders for acquiring a controlling stake in the distribution company being formed by splitting the Andhra Pradesh State Electricity Board.

ABN Amro Bank takes over BankAm's retail business for $200 mn
ABN Amro Bank has announced the acquisition of Bank of America's (BankAm) retail-banking businesses across India, Taiwan and Singapore in a $200-million deal. The acquired retail operations of BankAm is to be merged with ABN Amro Bank's consumer-banking division.

Reliance routes equity investment in RPL via group company in 1998-99
Reliance Industries has routed all its additional equity investments in Reliance Petroleum during the last fiscal through group investment company, Reliance Industrial Investments & Holdings.

  Raymond Synthetics asks FIs for extension of loan repayment period
  KR Steel shifts operations to Calcutta from Mumbai, Kandla
  Ashok Leyland vehicles become Euro-I compliant
  Tata Finance, Amex join hands to set up money-changing unit
  TimesBank forays into personal-loan segment
  Bank of Maharashtra enters home finance
  Volvo to launch Euro-II compliant trucks
  Orient Paper net gallops to Rs 72.37 cr
  Accord to hit roads with Rs 17.5-lakh price tag
  ITC Agro-Tech losses mount to Rs 13.6 cr
  Honda Siel seeks Delhi govt nod to register Euro-I cars
  Monopolies body clears Malayala Manorama insurance scheme
  Melstar Information plans venture in UK for software, outsourcing
  Dunlop India submits fresh revival package to BIFR
  Honda to go it alone for scooters
  ICI net profit jumps 21% to Rs 61.38 cr, sales rise 16%
  Corporate Briefing
  Briefing
  Encryption is Siemens' key to Asian, European markets
  Symantec launches Norton SystemWorks
  Marketplace briefing
  Philips Mahashakti hits the road in the east
  MRTPC restrains BPL's ad for LPG stoves
  ASP aiming at operational profits this fiscal to stave off closure threat
  NTPC seeks finance ministry nod to rope in RBI for PPA guarantees
  Oil PSUs oppose NTPC plan to source LNG from British Gas
  Total to take Shell-Aramco route; eyes HPCL, BPCL