Slowdown scuppers Skoda output dream
Czech carmaker Skoda, owned by Volkswagen of Germany, has decided to scale down its targets for India following the slowdown in the economy. This decision has been communicated to the director general of foreign trade.

KPMG and Ernst & Young submit due-diligence report on Nocil unit
Auditors KPMG and Ernst & Young International have submitted a due -diligence report of Nocil Petrochemicals' plant at Thane-Belapur Industrial belt. The due diligence was conducted by the firms around the end of July.

Hoechst Marion Roussel may miss export targets
German multinational Hoechst Marion Roussel (HMR) may face an uphill task maintaining export growth for the current fiscal, given its Rs 75-crore exposure to the troubled Russian market.

  NTPC stops power supply to eastern grid as states' dues mount to Rs 3,000 cr
  SBI advances' portfolio shrinks 2% in first half
  IPCL moots Baroda complex tie-up with IOC's Koyali unit
  Deora pleads for reform in Unit Trust functioning
  Nalco bags Capexil award
  NHPC shortlists JP Ind led consortium
  State Bank set to unveil credit card on October 15
  NPCIL set to step up generation capacity
  Textile firms set to buy out Andhra cooperative mills
  Adnoc keen to partner IOC in refinery plan
  Tidco floats holding co for road projects
  Recession hits Air India, Indian Airlines hard
  Marketplace Briefing
  Radisson Worldwide to set up hotel-management company
  Wipro unveils Netscape solution packages
  IDBI likely to aid power producers sew up funds
  Informix plans major expansion
  Bharti Telenet heading for a showdown with DoT over PCO issue
  World Briefing
  Corporate Briefing
  Philippine Airlines all set to burst into international operations
  Eastern Coalfields may shut six mines
  Coal India order to boost Voltas revival plan
  Chinese group plans English newspaper
  Renong's $3bn debt restructuring plan seen spurring fresh bail-outs
  Shell resumes oil loadings in Nigeria
  Sivakasi factories hike firework prices
  Corporates gear up for commodity hedging
  Plastic prices appreciate steeply