COMPANIES

• ONGC syndicate bags 16 oil blocks
• Swiss Reinsurance to take 1 percent stake in HDFC
• DPC willing to prune internal rate of return
• Sony to enter into banking
• Russell Credit hikes VST offer price to Rs 125
• FIs to review Spic projects
• L&T identifies defence as growth area
• GIC, New India Assurance splurges Rs 34 cr on realty
• Konka of China to scale down operations in India
• Disinvestment dept calls IPCL, IOC top brass for meet
• Deepak Nitrite; marginal decline in net profit
• Maharashtra to get two coal-based power plants from NTPC
• ICICI Bank to limit exposure to the stock market
• Ranbaxy overseas operations break-even
• BPL Innovision draws up huge investment plan
• Sahara acquires cricket team sponsorship rights
• Nagarjuna Fertilisers to be recast
• L&T in talks with US companies for acquisition
• Now a low-priced insulin range from Cadila

GENERAL

• Insurers may have to shell out penalty for late claim settlement

CAPITAL MARKET

• Beginnings of modernisation in Indian stock markets
• Sensex down 30 points on back of Nasdaq fall

PEOPLE

• SBI promotes 18 officers
• ICICI Bank to appoint 2 directors
• Trigent inducts three TCS executives
• New director appointed for Orchid Pharma’s healthcare segment
• New CEO for Fimmda
• Local advisory boards of RBI reconstituted