Essar-Stemcor deal fails to get IDBI board nod
The Essar Minerals-Stemcor Corporation deal hit a roadblock with the board of the Industrial Development Bank of India refusing to give its stamp of approval on Friday.

Air India move to rope in partner put on back-burner
Air India's move to find a strategic partner has been put on the backburner till the elections are over, according to AI chairman and civil aviation secretary PV Jayakrishnan.

Lupin Labs sales up 3%, profit dips to Rs 25 crore
Lupin Laboratories on Friday announced a 3% increase in turnover for the year ended June 30, 1999, at Rs 715.73 crore as compared with Rs 695.10 crore in the previous year, even as net profit fell to Rs 25.30 crore (Rs 34.24 crore) during the period.

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  Briefing
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  Accel Technology ties up with I2P, US company
  Compaq shifts price wars to servers
  Taj Group scours northeast for expansion
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  DoT brings Agrani revenue sharing plan on par with Iridium
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  IL&FS, AIG eye stake in L&T's holding firms
  M&M proposals not rejected -- Mitsubishi
  `Infotech firms must aim for the high-end of value-chain'