(MBEL), the wholly owned arm of Moser Baer has announced that it has clinched a strategic alliance with UTV Motion Pictures for the exclusive home video distribution of UTV movies.
 
According to sources, the pact will give MBEL domestic rights to UTV`s home video catalogue which comprises of 10 films. Moser Baer Entertainment will also get home video rights to all UTV productions released until mid 2009.

Due to slump in passenger car sales, Toyota Kirloskar Motor has revealed that it is searching the options to trim down its production by 30 percent in the month of December.

According to sources, Toyota has a facility to generate over 5,000 units a month at its plant situated near Bangalore.

In a move to boost demand and tame worldwide crisis, government of the country on December 7, cut down Central VAT (Cenvat) by 4%.

The buy back of equity shares of Rs 2 each has been approved by the Deccan Chronicle Holdings Ltd at a price not exceeding Rs 100 per share, aggregating to Rs 180 crores.

The maximum number of shares to be bought back, which represents 14.29 per cent of the paid up capital, should not exceed 3,50,00,000. Furthermore, the promoter holding shall not exceed 75 per cent of the paid up capital post buy back. 1,00,00,000 is the minimum number of shares to be bought back.

Engineering and construction major, Larsen & Toubro (L&T) has received three orders worth Rs 1,372 crore from three different steel companies for engineering related works.

The company has received an order worth Rs 516 crore from Vedanta Aluminium for setting up of an alumina refinery at its three-million-tonne-per-annum (MTPA) Lanjigarh plant in Orissa.

The scope of the order, which would be completed in 20 months, involves civil, structure, tanks, equipment erection, piping and commissioning assistance for the alumina refinery.

SRF Ltd, the domestic market leader in technical