NDTV sues ABCL for breach of trust
The police have registered three cases against Amitabh Bachchan Corporation for alleged criminal breach of trust with New Delhi Television Ltd in not paying dues over Rs 10 crore. The greater Kailash police recently lodged the cases of criminal misappropriation against ABCL chairman Amitabh Bachchan and vice-chairperson Jaya Bachchan on the basis of the order passed by metropolitan magistrate Manoj Jain.

Sale of IBP's outlets to IOC
The ministry of petroleum and natural gas is preparing a paper for Cabinet approval suggesting that the 1,500-and-odd retail products of IBP be sold to Indian Oil Corporation. This will help the Fortune 500 company improve its share in the retail segment from 39 to 48 per cent.

Winning bid for Daewoo seen up to $8 b
With the world's biggest automakers lining up to take over the assets of South Korea's unlisted Daewoo Motor, analysts said on Tuesday the winning bid could be worth up to $8 billion. "If any company wants to build auto plants equivalent to Daewoo's facilities today, it should spend more than $10 billion," said Richard Pyo, analyst at Credit Suisse First Boston.

Thomson to offer Net via TVs
Thomson Consumer Electronics India plans to launch TVs with limited Internet access facility, particularly for those using Internet for mainly sending and receiving e-mail. To start with, Thomson will offer the facility in its 21-inch model.

Report on MSEB
A report prepared by the Indira Gandhi Institute of Development Research has stressed the need for drastic cost reduction and additional revenue earnings to improve the financial condition of the Maharashtra State Electricity Board. The institute, which was appointed by the state government to draft a report on MSEB, has stressed the need for cost cuts through technical efficiency improvement and reduction in labour cost, pilferages and interest burden through proper restructuring.

Sharekhan to offer brokerage-free trade
Stock trading on the Net is still in the nascent stage but already several measures are being taken to woo clients. Free-of-brokerage trading facility to a limited number of investors for one year is one such feature introduced by Sharekhan.com, the online venture of SSKI Securities.

BoB net up 19 per cent to Rs 502 cr
Bank of Baroda has posted a 19.3 per cent rise in net profit to Rs 502.77 crore for the fiscal ended March 31, 2000, up from Rs 421.44 crore in the previous year. The board of directors has declared a dividend of 40 per cent.