COMPANIES

• Dr Reddy’s Laboratories applies for $150-200 million ADR issue
• ICICI Bank, Bank of Madura merger swap fixed at 2:1
• Birla group to hike stake in group firms
• ITC to export processed fruit in near future
• NIIT to implement Rs 148-cr education project
• Punjab Agro to supply agro inputs to HLL and Nestle
• MTNL calls for bids from consultants for mobile telephony

GENERAL

• IBM & Intel working on new generation fast chips
• Language IT market to touch Rs 10,000 crore in 2001

CAPITAL MARKET

• Sebi to consider scrapping one-year exit clause for VCFs
• RBI asked to hike Esop limits of Indians in MNCs