Grasim, Indian Rayon cement units merge
The boards of Grasim and Indian Rayon have announced revised annual results for the 1998-99 fiscal following the formal consolidation of the cement businesses of the two companies within Grasim, with effect from September 1, 1998.

ICICI moves AAIFR to counter BIFR order on Parasrampuria
ICICI has approached the Appellate Authority for Industrial & Financial Reconstruction (AAIFR) against a recent BIFR order declaring the Parasrampuria sick.

BPL's ISP plan may hit a roadblock as chief quits
The BPL group's Internet Solution Provider (ISP) business plan is likely to hit yet another roadblock with the Rs 3,000 crore group's ISP head Shivrai Chand putting in his papers.

  BIFR to hear ABCL case on July 9
  Nitma seeks quick action to restore mills export competence
  Mico announces buyback, promoter stake to rise to 54%
  SAIL works on action plan to retrench staff
  Hitachi plans to acquire stake in Telco Construction Equipment
  Balrampur Chini, Tulsipur Sugar swap fixed at 1
  RBI asks new bank promoters to snip stake below 40%
  French central bank chief steps in to resolve battle among banks
  Praj projects Rs 55-crore turnover; likely to turn around in September
  Zandu bags development rights for anti-AIDS drug from Rush varsity
  AI board drops MCLR deal, opts for small-capacity aircraft for expansion
  Zee channels may get separate CEOs
  KPMG logs on to the digital nervous system
  Corel sets up Linux advisory forum
  Globsyn finalises partners for Technocampus centres
  Briefing
  Buddy Techs help Godrej-GE nail customer problems
  Atlas sales to ride on Macho muscle
  Maharaja plans white goods foray in September
  Marketplace Briefing
  Bkay ventures into network marketing in Tamil Nadu
  NTPC plans to raise Rs 1,100 cr in current fiscal
  BSES to raise power plant capacity to 500 mw in TN
  IOC, ONGC get ministry nod for swapping nominee directors
  IA misleading on Turboprop deal cost, says ministry
  Briefing