COMPANIES

• S Kumars drops plans to spin off worsted fabrics unit
• Motorola to invest $40 million for Bangalore centre
• Maruti 800 getting better says JD Power report
• Aurobindo picks stakes in two US firms
• Timex to launch Internet-savvy watches
• P&G to enter toothpaste market soon

GENERAL

• Liquor licensing regime may ease
• Indian hotel sector will attract $700 m investments

CAPITAL MARKET

• UTI sells Rs 2,597cr equity in 1999-2000