Flex and Polyplex merge polyester film unit, spawn giant
In the first consolidation of its kind in the Indian corporate world--Flex Industries Ltd and Polyplex Corporation Ltd--two polyester majors have decided to hive-off their polyester film businesses to form a joint venture.

Bajaj Tempo plans to take on Armada, to roll out Trax variants next month
Bajaj Tempo Ltd, the Rs 800-crore Firodia group company, has scheduled the launch of its two new Tempo Trax variants--Pickup and Dual Cabin Pickup--to early November to take on the Tata Mobile and Mahindra's Armada versions.

LIC Housing first-half net profit rises 11.2% to Rs 40.94 cr
The LIC Housing Finance has posted a 11.22 per cent growth in net profit at Rs 40.94 crore during the first half ended September 30, 1999 from Rs 36.81 crore in the corresponding period last year.


  MRL turnover spurts 36% to Rs 2,343.44 cr
  IA to increase seat capacity from Mumbai
  The Index
  Madras Fertilisers net jumps to to Rs 37.45 cr in second quarter
  Exide H1 net up 9% to Rs 19.86 cr
  Ranbaxy Q3 net jumps 54.6% to Rs 77.9 crore
  Finolex Cables H1 net doubles to Rs 30.95 cr
  Sweden's SEB plans expansion, to buy Germany's BfG for $1.71 bn
  Madras Cements H1 PAT crawls up 6.5% to Rs 42 cr
  Mumbai Port cargo declines in first half
  Honda chief seeks long-term auto policy
  HDFC second-quarter net rises 18% to Rs 97.1 crore
  Emirates Airline cancels flights on Dec 31, Jan 1
  Essar Oil net inches up 7% to Rs 22.91 cr in first-half
  Briefing