Continental set to acquire stake in Modi Rubber
Global tyre major Continental AG is close to signing a deal with Modi Rubber for picking up a substantial equity stake in the company at a price of around Rs 125 per share.

Tata Tea draws up strategy to double its packaged tea share
The Rs 900-crore Tata Tea Ltd has drawn up an aggressive growth strategy which entails plans for doubling its existing market share for packaged tea from 21% to over 50% in the next two to three years, increasing exports and identifying new export markets.

HCL Technologies net soars 88% to Rs 101 cr
HCL Technologies Ltd on Tuesday announced 88% jump in net earnings to Rs 101 crore for the financial year ended June 30, 1999 as against Rs 54 crore in the previous year.

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  South Korea indicts Hyundai Securities head
  Thomson-CSF picks stake in Avimo
  Seagram lines up plan to uncork India exclusive brandy and whisky brands
  RPG gives Dholpur EPC contract to Daewoo & Ansaldo
  General Motors plans to acquire Daewoo Motor Company
  Godrej & Boyce buys out Godrej Foods stake in Pillsbury venture
  A-I offers gold for every ticket bought in Dubai
  Bank of Japan bucks pressure, keeps zero interest rate policy
  LG to invest Rs 350 cr to double capacity
  Skoda Auto to import engines for Octavia
  Kakatiya Textiles to knock BIFR door as losses mount
  BoM set to unveil medicare scheme
  Bell Atlantic, Vodafone spawn $70bn mobile giant
  Ortel Communication mulls maiden public issue
  Satyam to pick up 9% stake in In Touch of US for $2.5m
  Supreme Court throws out UBI's proposal on Dunlop
  HDC's bid to form separate firm alarms FIs, shareholders
  HC restrains 2 Delhi firms from using Pepsi trade mark, logo
  Petroleum ministry likely to show NTPC the door in Petronet LNG
  Kirloskar board likely to meet next month
  SBI Factors net down 10% to Rs 3.25 crore
  Canadian firm eyes 26% stake in Petronet network
  CESC plans hike in tariff to offset losses
  RBI stalls appointment of new directors on Bank of Rajasthan's board
  J&J takes a long-sighted view of the lens market
  Indian Oil-Elf co-brand new additive
  Hot air -- LG battles ASCI on air-conditioner ad
  Teleglobe seeks pact for interconnectivity expansion
  Sun Microsystems to focus on E-governance solutions
  Vignettes
  Techspan chief to focus on E-babes