• Tata Sons hike holdings in 5 key group companies
• Mahindras exiting Otis Elevators
• ITC planning shopping mall
• Tax waiver for Reliance withdrawn
• IDBI asks PowerGen to deposit GTEC shares
• US patent for United Phosphorus
• ICI India sets priorities
• Icra rates Orchid Chem fastest growing drug company
• Microsoft, ICIL in e-com tie-up
• Cincinnati Bell to acquire IXC Communications
• Apple introduces iBook
• TotalFina indicates a peaceful settlement
• Bail-out for Daewoo

GENERAL

• ICICI will have to treat securitisation deals as loans
• DoT notifies 15% revenue sharing
• Panels to study payment, settlement system
• Corpbank Homes to expand equity base
• Engage outside agencies for Y2K audit, banks told

CAPITAL MARKET

• Another rally in stock market
• Hindustan Lever scrip at record high
• NSE brokers found misusing negotiated trade
• JM Morgan predicts Sensex to touch 5800
• Merrill to manage MTNL divestment
• Kale Consultants to enter capital market

PEOPLE

• Houten, new Philips director
• Mike Moore is WTO director general
• Magazine to head South Asia arm of real estate firm