COMPANIES

• VSNL in talks with cable companies for internet service
• Cyclicals not benefited from economic recovery
• Investment ceiling in Saarc nations increased
• MRPL to start retail marketing
• MRPL takes stake in pipeline project
• Rashtriya Ispat plans restructuring
• ACC will have exclusive dealers
• Ceat to acquire 2-wheeler tyre unit
• Honda Siel to import cars
• Philips tells workers to sit at home
• VSNL not to invest more in ICO Global
• Tele Shopping changes name
• Daewoo Motor to rationalise operations
• AOL, Apple in tie-up
• SmithKline Beecham to take stake in SkyePharma

GENERAL

• Inflation rate falls
• CBDT clarifies on tax exemption
• RBI panel on legal infrastructure
• RBI inspecting IFCI books
• Moody's ranks India 59^th in banking sector

CAPITAL MArKET

• IT, pharma, FMCG not top performers
• Greater disclosures for securitisation deals suggested
• Hughes Software plans equity issue
• IndusInd plans private placement of equity
• Hong Kong stock, futures exchanges merge

PEOPLE

• Johri retires as CMD of Nalco
• Bill Gates to donate $100 billion