Batata-BPL `close' to finalising merger deal
Birla-AT&T-Tata Cellular (BATATA) and BPL are close to finalising a mega merger deal in an effort to create the largest cellular entity in the country, with a total subscriber base of over 18 lakhs.

Essar Steel net loss down at Rs 345.91 cr
ESSAR Steel Ltd has ended with a net loss of Rs 345.91 crores for the year ended March 31, 2001, as against a net loss of Rs 581.24 crores in the earlier year.

Fun time for media shares
MEDIA and entertainment stocks are in the limelight once again on the bourses with volumes and share prices of companies such as Mukta Arts, Balaji Telefilms, Crest Communications and Tips Industries have been rising steadily over the last 4-5 weeks.

Cement industry sees 7-8 pc growth rate
THE cement industry is expected to grow at a rate of seven to eight per cent during the current financial year, according to the Cement Manufacturers Association (CMA).

B.K Modi denies talks with Chatterjee
DR B.K. Modi, one of the promoters of Modi Rubber Ltd, on Tuesday said he had not opened up talks with either Mr Purnendu Chatterjee of the George Soros Group or any other investor in the battle for gaining control in the tyre company.

Shell group backs out of Nocil deal
SHELL group has backed out from the deal to pick up majority stake in the Mafatlal group firm National Organic Chemical Industries Ltd (Nocil), jeopardising the company's restructuring plan.

India Cements net up at Rs 48.15 cr
INDIA Cements Ltd has registered an increase in both income from operations and net profit in 2000-01 over the previous year.

Garment exporters: Hard to keep their shirts on
HOW does it matter to Shanmugavelu in Ambattur that John Smith in downtown Washington is not buying himself some new clothes this summer?

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