TotalFina, Elf agree to $48.7 billion merger
Abruptly ending their acrimonious two-month takeover battle, TotalFina SA and Elf Aquitaine SA surprised markets Monday by announcing they had agreed to a friendly merger that turns the combined concerns into the world's fourth-largest oil company.

HC restrains Shaw Wallace from selling assets
The Calcutta high court ordered Shaw Wallace & Co Ltd not to sell any assets without its permission and not to dip into the Rs 90 crore corpus that it had built up for repaying creditors.

Wipro to pick 15% in Silicon Valley startup
Wipro Ltd is set to acquire around 10 to 15% equity stake in the newly formed Alopa Networks which is being promoted in alliance with the US-based venture capitalist Prakash Bhalerao.

  HM in talks with Denox to meet Euro-II norms for Ambassadors
  DoT, TRAI in fresh spat over Koshika
  BPCL may snap ties with Gujarat Gas, wind up venture
  IA extends discounted fares till September-end
  High court clears Philips sale of Salt Lake unit
  Ford to set up central warehouse unit to beef up components, spares supply
  Clearing Corp to set up hi-tech bourse
  Daewoo plans to unveil economy version of buses
  Swedbank's $906m bid to buy Denmark's FIH topples plans of Kapital Holding
  Crisil reaffirms ratings of TCIL, Bangalore City Corporation debt
  Sudarshan Chemical to double organic pigment capacity, sales
  HSL on the lookout for venture ally
  Diesel engine-makers likely to face hard times -- Kirloskar CMD
  RBI unveils fresh scheme for Sikkim Bank
  McDowell charts out upgrade plans, overseas listing
  A-I takes discount saga to new heights, gift-wraps new scheme for bureaucrats
  Hindustan Shipyard plans yet another recast exercise
  Kerala firm enters Rs 100-crore club
  Principal Financial to pick 50% stake in IDBI AMC
  Hind Sanitaryware brand valued at Rs 66 cr
  Corporates, banks invest in ICICI issue
  Gujarat Ambuja plans to hike capacity by 5 million tonnes
  Cushman and Wakefield to expand local operations
  Tyre companies set to raise prices
  IFC to fund corporate restructuring
  MUL raises prices of five Zen, Maruti-800 variants
  Singhal Cement in talks to sell Rajasthan plant
  Network Associates to set up R&D unit
  Symantec initiative to provide clean and secured access to Internet
  Zee in court to protect its turf in UK
  McDonald's dons a new hat to survive
  `It is time for Akai to create a new brand image'
  Briefing