COMPANIES

• Enron to divest majority in Dabhol
• BPL likely to take over Spectranet
• Dr Reddy’s enters into marketing agreement with US company
• NDTV to launch new channel; gets strategic investors
• Mercedes India launches latest product
• Dalal Consultants to change management control
• Dutch firm to transfer Indian holding to employees
• UB to launch herbal product to help weight reduction
• Max New York Life Insurance launches operations
• Ranbaxy moves in fast to stem executive loss
• Tata Ryerson to commence new steel service centre in Pune
• Amrutanjan unveils anti-diabetic drug
• Torrent sells eye-care product to Allergan
• Apollo to stop investments and shift focus to franchise, consultancy
• Sony and Ericsson plan joint efforts for cellphone operations

GENERAL

• UTI gets relief on tax demand
• India's cellular market grows 90 per cent

CAPITAL MARKET

• US markets and FIIS help bolster sensex
• Sebi stuns corporate India with ban on leading companies

PEOPLE

• Suresh Rajpal quits Trigyn