Hindalco drops bid to buy out India Foils
Hindalco and India Foils have called off a proposed preferential allotment, through which the Aditya Birla group company would have taken the management control in the country's largest foils-maker.

Telco set to spin off construction equipment wing
The Tata Engineering & Locomotive Company (Telco) has decided to transfer its construction equipment business unit to a new subsidiary, Telco Construction Equipment Company.

Lever giftwraps VRS for Lakme Deonar staff
The new Hindustan Lever Ltd management at Lakme's Deonar factory in Mumbai has verbally cited unviability of the unit and declared a group incentive scheme to elicit a universal response to a voluntary retirement scheme.

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  Panels to enhance Indian Airlines, Air India synergy set up
  ITC may launch John Player range next year
  Geometric Software Solutions unpacks new product
  Centre appoints four merchant bankers for Gail disinvestment
  Philips allowed to appeal order on Salt Lake unit sale
  Marico mulls marketing push for Top Ramen
  Zee TV files suit against newpaper report
  OIL bid to pick 10% stake in Numaligarh plan blocked
  Madras Cements corners 9% of blended cement market
  Corporate Briefing
  CERC may step in to resolve NTPC-KSEB dispute
  Court stays Shaw Wallace repayment plan
  Thermax, Bayer forge alliance
  Preferential issue vaults ITC stake in Bhadrachalam Paperboards to 51%
  GE may merge defence, aerospace units
  Nissan to recall Q45 models in Canada, US
  Sun Life likely to invest $50m forstake in Birla group finance arms
  World Briefing