SAIL may halve H1 loss to Rs 500cr
SAIL is likely to end the first half of the current fiscal with a substantially lower loss of around Rs 500 crore, against the Rs 1,348 crore loss reported for the first half of 1999-2000.

Centre allows Toyota Kirloskarto pay royalty to parent firm
The Centre has permitted Toyota Kirloskar Motor to pay a royalty of 2% from January 2001 till December 2003, and 3% from January 2004 on domestic sales to its parent Toyota Motor Company.

LG to enter audio, mobile market
LG Electronics India is entering the Indian audio and mobile phone market in a big way with the launch of a host high-tech product over the next six to eight months.


  Mphasis BFL net leaps to Rs 4.14 crore in Q2
  E-Merck Q3 net up 63% to Rs 12cr
  SmithKline Beecham Q3 net rises 19 per cent to Rs 80 crore
  AH Jung appointed part-time chairman of Air-India
  Briefing
  Ashok Leyland to take up equity buyback issue at board meet
  Take it easy, folks
  Indian Hotels plans Rs 138 cr investments
  Icra downgrades ACC, Gujarat Ambuja ratings
  Holder Bank, Lafarge vie for LTCL tie-up
  Indian Rayon Q2 profit rises 61% to Rs 16.4 cr
  The index
  OIL, RAPL team up for Assam gas cracker project
  Enron non-commital on offering oilfield stake to JV partners
  MIDC, MPCL sign agreement with GAIL for study on gas utilisation
  Maruti Udyog to step up output despite staff stir