Essar Power-Marathon deal set to miss August 31 deadline
The $170 million Essar Power-Marathon deal will not be consummated by August 31 amid roadblocks put up by the Gujarat government and banks and financial institutions.

SBI officers protest rural posting
Officers of State Bank of India (SBI), the largest bank in the country, on Monday strongly protested the management's high-handedness in enforcing compulsory transfers to semi-urban and rural branches, as per a Supreme Court order of 1996.

Pfizer to launch Becosules+ soon; in `development' tie-up with local firm
Pfizer Ltd is set to hit the Indian market with Becosules plus (+), an improved multivitamin formulation which adds "biotin" as a key ingredient.

  Inalsa revamps board; plans food processor foray in south
  Eveready Ind unveils rechargeable batteries
  Kirloskar group presents united front in a bid to deny family rift
  Profit-sharing with staff helps RSMDC wipe out losses
  Ramco Systems to tie up with vendors to push ERP product
  Fena squeezes nimbu power out of wheel
  ERM sees oil, gas, hazardous waste as growth areas
  Bank Indonesia freezes accounts suspected in Bank Bali transfer
  BOOE, SEA to sign pact for oilseeds futures
  BoM plans debt issue to raise tier-II capital
  JL Morison targets Rs 50cr sales; earmarks Rs 6 cr for marketing
  Indian Rayon sets September deadline for magnesia division selloff
  HM to source engines from Hyundai outfit
  SBI extends working hours of computerised branches in Mumbai
  Passenger car sales jump 38.3% in first quarter
  FIPB okays Honda Motor, Godrej plans
  Tata Sons plans to acquire JRD's bungalow, convert it to museum
  Dabhol Power still the costliest supplier to MSEB
  Essar Steel sets 1999-2000 export target at 4.5 l tonne
  Essar, Fascel, JT Mobile fail to pay up by due date
  Bhaskarudu steps down as Maruti MD
  Duracell's bid to X'Cell
  Cadbury packs a new Picnic basket
  Rejig saves the day for Manugraph Industries
  FII interest in Orchid Chem sees stock zoom
  Emami teams up with Bangladesh company
  Canadian Airlines' woes prompt Ottawa to allow Air Canada talks
  British Airways may cut 1,000 managerial jobs
  WPP H1 pre-tax profit rises 19% to $180.9 m
  Briefing
  AirTel plans subsidised handsets, free airtime for subscribers
  IBM to start global E-ticketing network
  Rahejas to launch Tamil channel
  Cabletron plans M&As in India
  MTNL targets 5,000 users of ISDN by year-end
  Novartis registers Rs 16.6 cr Q1 net
  Briefing
  Indian Rayon to buy back 25% of outstanding equity