COMPANIES

• Balaji-Nine Network merger on rocky ground
• Lawsuit filed against Rediff in the US
• Nortel shelves investments in India
• Film Roman accuses Pentamedia of violating pact
• No cash crunch: Pentamedia
• Veritas inaugurates India sales office
• IOC-RPL proposed JV might come a cropper
• L&T prunes time limit for offering equal stake
• Hero Honda may venture into scooter-making
• Glenmark applies for patent for new asthma drug
• Voltas, Videocon to be OEMs for Whirlpool ACs
• Sebi wants Tata Finance’s clarifications
• Parry scouts for strategic partner
• IOC shelves plans with Enron
• Tatas mull setting up greenfield power project in Gujarat
• M&M to focus on the premium end ‘Arjun’ model
• Three advisors appointed for IPCL Vadodara unit buyout by IOC
• Madura Garments launches readymade trousers for mid-market segment

GENERAL

• RBI bans deals as more banks report failure
• Rupee makes a recovery; closes at 46.86
• TAC suggests changes in tariff structure of fire insurance

CAPITAL MARKET

• Sensex rises 61 pts on back of old economy stocks

PEOPLE

• Ajay Kapila resigns from LG Electronics
• EIH chief Bhoothalingam to quit
• Alliance Cap reshuffles management
• Terry Semel to be chairman & CEO of Yahoo! Inc