DoT moots new licence formula
The department of telecommunications has suggested a new strategy to the Attorney General Soli Sorabji in a bid to resolve the telecom licence fee mess.

Tisco to merge operations, maintenance departments
Tisco plans to merge its operations and maintenance departments as part of an overall plan to cut overhead costs.

Hind Lever Chem, Oswal & Tata Chem eyeing Paradeep Phosphates
At least three private fertiliser majors are eyeing Orissa-based Paradeep Phosphates Ltd following the Disinvestment Commission's recommendation to privatise the unit after completing the process of financial restructuring.

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  ICICI evaluates IPCL's Rs 2,500-crore investment plan
  Ranbaxy overseas losses mount to Rs 30 crore
  Dewrance Macneill faces winding up at BIFR
  FIs sanction fresh loans for Ceat to retire high-cost debt
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  Vijay Mallya to continue as chairman of Aventis Crop Science
  Times bank to focus on advisory services
  Uni klinger sets up plant to manufature gasket sheeting
  Lafarge may pip Gujarat Ambuja and L&T to post in race for DLF Cement
  ECGC, D&B tie up to offer credit-information services to exporters
  Centre inducts two more members in GIC board
  Tribunal strikes down Big Bull's plea to hold on to properties
  Morepen Lab to launch inhalation equipment
  Great Eastern Hotel bakery may be wound up
  Indian Oil declares 1
  UK's Coca-Cola beverages is in talks on being acquired by Hellenic Bottling
  Amazon.com to buy stake in Sotheby's, team up on online-auction service
  Lufthansa may fall short of target
  Rupert Murdoch named new chairman of BSkyB
  Whisper market share slips another notch
  Not just pigeon-feed -- Godrej Soaps saves Rs 13 crore through
  Siemens to go for direct marketing of mobile phones
  Removal of cost barrier to see 40% rise in ISDN business
  TAM wakes up to competition
  Omani group sets up software centre in Chennai
  Visesh Infosystems' foray into medical transcription
  HP logs on to new millennium with plethora of smart gadgets
  Briefing
  Ircon wins $121m contract in Malaysia
  SAIL starts restructuring of special steel sector
  NTPC plans Rs 4,000 cr hydel project in Himachal
  IOC re-works safety aspects of Panipat refinery
  Briefing
  Andhra Pradesh takes Aptech's help to capture soft knowledge