British Gas, Enron may pick stake in Gail via GDR route
British Gas and Enron are likely to acquire stakes in Gas Authority of India Ltd (Gail) through the global depository receipt (GDR) route. Both the multinationals have made bids for the GDR through a leading foreign institutional investor (FII), merchant banking sources said.

Hoechst Marion to launch levofloxacin
Hoechst Marion Roussel (HMR) is set to introduce its latest generation broad-spectrum quinolone, levofloxacin, branded Tavanic, to treat moderate to severe respiratory tract infections.

Honda Siel chief rules out cut in City price
Honda Siel Cars India (HSCIL) has ruled out any cut in Honda City's prices and said the company would maintain its share of over 20% of the total premium car market despite competition from the latest entrants -- Accent and Ikon.


  Corporate briefing
  Adani Exports Q2 net up 8% to Rs 41.16 cr
  Indica sales H1 net spurts 62% to Rs 6.74 cr
  Punjab National Bank first-half net profit rises
  Aurobindo Pharma Q2 net jumps 67% to Rs 18.61 cr
  Mansa belongs to Ramola Bachchan, says Big B
  ITC Agro-Tech slips into red; posts Rs 7.2 cr Q2 loss
  The Index
  Aggregate first-half net sales of corporates rises 25 per cent
  Accor group plans to acquire 10 hotels
  Lafarge completes acquisition of Tata Steel's cement unit
  Castrol India Q3 net up 17% to Rs 46.55 cr
  Alliance Monthly Income declares 1%
  Corporate briefing