COMPANIES

• Maruti Udyog MoU with DGFT
• S&C under BIFR
• Balaji Foods to merge with Venkateshwara Hatcheries
• IndusInd files case against Modi Entertainment
• JK Drugs develops drug delivery system
• Ace range from Piaggio launched
• SAIL loss goes up by 96%
• Reliance Capital net drops
• Arvind Mills suffers loss
• Regulator hands over revamp to Daewoo
• McGraw Hill files case against Macmillan
• Petronet signs deal with Rasgas-Mobil
• Microsoft, Compaq admit flaws
• Giddings & Lewis takes stake in Kirloskar company

GENERAL

• Bank credit goes up
• Only few banks to attain Y2K compliance
• Moody's predicts liberalisation in banking sector

CAPITAL MARKET

• Badla rates continue at 21-24%
• BSE hikes default compensation level
• Global Trust Bank to provide access to despository accounts

PEOPLE

• Richard Saldanha is Haldia Petro CEO
• Noshir Desai quits United Studios
• Firodia awards presented
• Great Eastern Bank CEO suspended