COMPANIES

• Crane to acquire Alfa Laval’ industrial flow division
• Le Royal Meridien gets five-star deluxe status
• Kotak Mahindra sells Matrix to Friday Corporation
• Reliance hikes polymer and polyester prices
• Hyundai India to now import Sonata
• Maruti to launch CNG Omni cab
• Hero Honda slashes two-wheeler prices
• Indo Rama raises PSF and POY prices
• Honda Siel’s sale up by 4.2 per cent in Apr-Feb
• Rajvilas Oberoi rated as India's best hotel
• ITC focuses on budget traveler in new acquisitions

GENERAL

• VSNL cuts leased line rates in most cities
• RBI cuts interest rates
• ICICI Venture to launch biotech fund
• ING Vysya Life Insurance gets IRDA nod
• HDFC lowers housing-loan rates to 12.5 per cent
• ITC makes counter-offer for VST at s 115 a share
• New drug policy in June

PEOPLE

• RBI appoints two executive directors
• Mr. Deverajan resigns from Tata Elxsi