Elgi Equipments sells brake business to Kalyani group, focuses on core business
As part of a plan to rationalise operations, Elgi Equipments Ltd has decided to sell its brakes business to the Kalyani group.

Tube Investments clocks Rs 19.58 crore net profit
Tube Investments of India Ltd, part of the Murugappa group, has posted a net profit of Rs 19.58 crore during the six months ended Sep 30, 2000 on a turnover of Rs 579.09 crore.

Max India Q2 net dips 51 per cent to Rs 5.24 crore
Max India has reported a 51% drop in net profit to Rs 5.24 crore for the second quarter ended Sep 2000, down from Rs 10.24 crore reported during the corresponding quarter of the last year.


  Silverline buys out SeraNova Incfor $99 million in all-stock deal
  Petroleum ministry clips wings of oil navratnas
  Parrys Q2 net loss dips 28 per cent to Rs 1.5cr
  Shareholders gain from Gesco takeover tussle
  Mascot Systems PAT rises 45%to Rs 9.4 cr
  Federal Bank posts Rs 29.4cr net profit in first half
  Dhanalakshmi Bank posts Rs 15.6cr profit
  The index
  Tata Steel to take over Indian Steel & Wire
  Anjani Portland to take over Vennar's power division
  Kerala seeks rubberised tar from MRPL as KRL stops supply
  Winrock to float company with $4m corpus
  Maruti management refuses suspension order withdrawal
  AP Paper Mills makes open offer to CPL shareholders
  Star TV likely to make backdoor entry into FM radio services
  Briefing
  Escorts-LG lowest bidder in WLL tender