IA invites bids for purchase of 39 aircraft
Springing a surprise on the market, Indian Airlines (IA) has invited commercial bids for a massive order of 39 aircraft, which will cost the airline over $1.5 billion.

Essar Oil seeks time till year-end to pay Vadinar-Kandla pipeline dues
Essar Oil has sought time till the end of this year to pay up its balance dues for its 13% equity participation in the Vadinar-Kandla pipeline.

Paharpur says no to NTC stake in Swadeshi Polytex
The Calcutta-based Swarups of Paharpur Cooling Towers are not interested in buying the 33.63% National Textiles Corporation stake in its Kanpur-based ailing subsidiary, Swadeshi Polytex Ltd.

  HDFC's consumer finance wing disburses Rs 90 lakh in first week
  Petronas turns down Tidco demand to extend deposit money validity
  Shiva Cement mulls Rs 15cr capacity expansion project
  Briefing
  Dhanlakshmi Bank scours for partners to shore up capital base, enhance business
  Peugeot licenses TUD5 engine to Premier Auto
  Dholera Port plans to develop deep-sea project
  Hero group drops plan to team up with BMW
  Honda Motor plans recreational vehicle
  Kodak eyes banking, insurance sectors for its scanners
  International Computers ties up P&O Nedlloyd for offshore software facility
  RCF, HZL, Rajasthan State Mines to set up fertiliser plant
  Dutch giant Akzo Nobel to buy Hoechst's veterinary business
  Sales tax dispute holds back RPL diesel output
  SBI shuts down Tashkent, Harare offices
  SRF profit jumps to Rs 6.6 cr in Q1
  SIDBI hopes to raise Rs 1500 cr through soft loans
  Tisco, FIs agree to convert Tinplate debt into equity
  Political flux hits Raymond's cement business selloff plan
  BPL to take over BPL Sanyo's CD facility
  Hyundai Motor flags off pilot production of LC
  BIFR serves notices on HOCL, HFCL
  Wholesome plan needed for banking -- Vittal
  CII predicts 6% GDP growth this fiscal
  Cathay Pacific back in black, posts $13.9 million net profit in first half
  Maruti, Sumitomo float service network JV
  ACC lays the foundation for closer dealer-retailer ties
  HFCL bags Botswana contract for installing 30,000 lines
  Euclid to set up Net centre at Hyderabad
  Datapro ties up with Verio for Web-related services
  Lucent in marketing alliance with ERIL
  Rise in sales and operations spur Wal-Mart Stores Q2 earning
  Briefing