COMPANIES

• SAIL to hike in steel prices soon
• Tatas drop out of Indian Airlines bid
• IPCL to sell its Vadodara unit to IOC
• FDC in marketing tie-up with Aspen Pharmacare
• Hyundai Motor raises Santro price
• Sierra Atlantic takes majority in Sierra Optima
• Wipro ePeripherals to buy Godrej & Boyce unit
• Foster's India plans acquisitions to expand marketshare

GENERAL

• Economic Survey 2000-01 admits economy slowdown
• BALCO deal likely to be put on hold

CAPITAL MARKET

• Glaxo, SmithKline swap ratio fixed at 1:2 for local merger
• Sensex loses 140 points dampened by Survey