L&T to cap Orissa aluminium project stake at 26%
Larsen & Toubro will confine its stake in the Orissa aluminium project to 26% where the partner is tipped to be Billiton of South Africa.

BMW shelves local manufacturing unit plan
German luxury carmaker BMW AG has decided to apply brakes on its plans to set up a manufacturing base in India to produce its 5-series, Landrover and Rover cars.

Century Textiles woes continue, net losses mount to Rs 93 cr
The BK Birla group flagship Century Textiles has posted a higher net loss for the 1998-99 fiscal of Rs 93 crore, against Rs 85.18 crore in the previous year.

  Srei International Finance net profit at Rs 8.2 crore
  Telco to miss Indica delivery target in current fiscal
  HPCL net jumps 28% to Rs 901 cr
  Board, union may clash at Philips meet
  Syndicate Bank net may jump a 72% to Rs 142 cr
  Tube Investments net jumps 32% to Rs 21.08 crore
  Cement majors jack up prices by Rs 3 in city
  Rallis net up 19% to Rs 27.41 cr
  Parrys profit declines 64% to Rs 3.71 crore
  Vijaya Bank net profit rises 29.7% to Rs 30.23 crore
  Santro, Indica, Uno eat into Maruti's market share
  SoftPlus eyes Indian telecom firms
  Briefing
  Zee Network plans dual elimination of three channels
  Marico hikes Parachute price; HLL may follow suit
  Hutch Max scores with Talkathon scheme
  Swarovski -- Crystal clear thrust on India market
  Bhel chalks out Rs 2,000 crore update, expansion
  SAIL corners major share of exports to US in March
  ONGC, IOC to sign equity sharing pact for power projects soon
  NTPC renews threat to cut power as talks with Delhi end in impasse
  Birsa university gets approval for 21 projects under World Bank plan
  Deutsche Bank names John A Ross president and CEO of Americas unit
  VST Industries slips into red; to exitfrom financial service
  Briefing
  Madras Cements net perks up 21% to Rs 39.9 crore, sales rise to Rs 507 crore
  Red tape has done Air India in -- Guild
  Tata Telecom slips into red, posts net losses of Rs 19.65 crore
  Ford to access local debt market, drops overseas borrowings
  Balaji Distilleries net falls 66.35% to Rs 7.64 crore
  Sundaram Finance net down 17.34% to Rs 63.31 cr; to enter home finance
  Precot Mills' net dips to Rs 5.09 cr
  Vizag port targets hike in traffic via modernisation
  Toshiba, Electrolux to join forces in global home-electronics sector
  Global Trust net dips 11.6% to Rs 70.86 cr, to pay Rs 2 a share
  IFCI net may plummet 75% to Rs 90 crore
  GIC plans to unveil savings-linked insurance scheme by September