COMPANIES

• Arthur Andersen buys out Ind Global
• Bajaj Electricals & Usha International to import fans from China
• Vicats likely to tie up 26 per cent stake in Bangurs' Shree Cement
• Ambuja likely to acquire stake in Saurashtra Cement

GENERAL

• RBI toughens entry norms for private banks
• Sebi asks stock exchanges to keep tabs on corporate governance moves

PEOPLE

• Mr. V Thyagarajan to head Glaxo India