COMPANIES

• Essar to have BancAm as advisors
• Chevron to become equal partner in JV with MRL
• Tata companies sign brand equity agreement
• Escorts to seek more cellular licences
• Spic to spin off pharma, bio-tech units
• Godrej Agrovet gets patent for crop product
• Pentafour system for textile industry
• Tata Electric plans investments
• Morganite Thermal to hike stake in JV with Greaves
• Daewoo to hike Matiz output
• Free PC now for internet service
• Yahoo to buy ExciteAtHome
• BAT to acquire Imasco
• TotalFina-Elf bids become more hostile
• DaimlerChrysler recast plan by year-end
• Nissan to buy Mazda outfit

GENERAL

• Telecom tangle remains unsolved
• SBI to have an ADR issue
• Reliance Capital told to provide FDI details
• Moody's may retain same rating for India
• RBI sells $156.7 million in June

CAPITAL MARKET

• Cement shares lead market recovery
• Britannia, Satyam in Nifty
• Sebi plans uniform margins
• Saregama shares to be traded on OFEX
• Sebi suggests stiffer law
• 3 MFs for portfolio management services
• Stricter delisting norms by NYSE
• DCW to issue rights shares
• S&P, Morgan Stanley plan new index

PEOPLE

• Malu, Malhotra to be on Ceat Financial board
• Deepak Khaitan goes out of Bhishnauth Tea board
• Ravi Venkatesan is chairman of Cummins India
• P.K. Sarkar tipped to be CMD of Uco Bank
• Key Sun software man quits