Reforms need joint Govt, industry drive, says PM
THE Prime Minister, Mr Atal Bihari Vajpayee, today asserted that India would ``pursue with determination'' the next generation of reforms even as it entails ``difficult decisions''.

Prodorite becomes Carborundum arm
PRODORITE Anti Corrosives Ltd (PACL), a subsidiary of Coromandel Engineering Company Ltd of the Murugappa group, has been detached from the parent company and made a subsidiary of Carborundum Universal Ltd (CUMI), another company of the same group.

Birla tyre unit likely to be sold to Pirelli
MR B.K. Birla, Chairman of Kesoram Industries Ltd (KIL), is said to be close to finalising a deal with Pirelli of Italy for outright sale of the tyre plant being run by KIL under the name and style of `Birla Tyres'. The deal was recently negotiated in Lo ndon by Mr Birla with an empowered executive of Pirelli.

Masked T&D losses till last year -- Karnataka may write off farm power subsidies
The Karnataka Government has indicated that it would have to write off subsidies it had incurred on account of understating of the transmission and distribution losses made by the erstwhile State electricity board.

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