Indian Bank board faces the axe
The Union government may consider a recast of the Indian Bank board even as closure or merger of the Chennai-based public sector bank have been ruled out.

Eicher Motors chalks out strategy to boost exports
Light commercial vehicle maker Eicher Motors Ltd has chalked up an aggressive programme to boost exports, involving consolidation of existing markets and targeting newer ones. Also in the offing is stepping up of global sourcing efforts from South Asian countries to reduce costs, said company officials.

BHEL bags Rs 2 cr deal
State-owned Bharat Heavy Electricals Ltd (BHEL) has bagged a contract worth over Rs two crore from Swiss multinational Adtranz for supply of traction motors.

  Telco seeks finance ministry approval to buy back part foreign currency bonds
  Hutch Max' uniform code -- You are what you wear
  Usha fights monsoon with Rs 5-cr contest
  New product development -- Designed to boost replacement sales
  US crayon maker changes colour as critics see red
  Karnataka woos MRPL to set up power plant
  Indian Oil to decide on Lubrizol outgo soon
  At Siemens, VRS does not mean a goodbye
  Hold on to Apollo Tyres, Ceat; keep away from Dunlop
  MFCL allays takeover fears, draws up fresh revamp plan
  Orchid Chem allows FIIsto raise stake above 24%
  Indo Rama to unveil granulated slag cement
  Engineering Power ties up with Seaking
  Lower nickel prices and volume growth help Jindal Strips shore up bottomline
  Apollo Tyres posts minuscule growth in Q1
  Telco plans to prune vendor base by next fiscal
  Argyle rough diamonds production plummets 25% in 1999 H1
  ITDC slips into the red; posts Rs 8.96 cr loss in Q1
  Chevron starts up offshore Angola oilfield
  JK Tyre targets 10% jump in sales
  Hikal Chemical Ind promoters raise their stake by 1% to 37%
  New focus on ECSO, tie-ups part of HP's agenda
  Briefing
  Mastek to set up Internet group for developing E-commerce infrastructure
  Denim, interest costs led to Q1 loss -- Arvind Mills
  Marketplace briefing
  JK Tyre treads a new measure