COMPANIES

• Tata Chem decides to focus on core areas
• Senior level reshuffle at VSNL
• Gillette’s Geep acquisition falls flat
• DoT cracks whip on Bharti
• BSNL to brand services by Aug
• Brightstar may get 15 percent of FI stake in VST
• Siemens to increase stake in Indian subsidiary
• Mittals, Videocon in consortium bidding for IA
• HLL to divest 51 percent equity to fragrances JV
• GIC HF foray into housing insurance
• ALL; gearing up for global standards
• BankAm to exit investment banking in emerging markets
• PSU insurance firms may float new venture for power, oil sectors
• Indian Rayon initiates Project Spark
• Fiat India embarks on VRS at Kurla plant
• Delhi HC orders NPPA to recover money from Ranbaxy firm
• Bajaj Allianz's life foray gets clearance from IRDA
• Sidbi to be recast; assigns consultant

GENERAL

• Delhi HC says hospitals an industry
• Food processing park in Kerala nears completion
• Gartner predicts shakeout in the e-commerce marketplace
• India becoming outsourcing destination for animation studios
• FMCG sector in bad shape as retail sales drop
• Floater Mediclaim policies terminated

CAPITAL MARKET

• Sensex slide leads to falling turnover, volumes
• UTI selling wave—sensex down by 59 points
• Corporate FDs interest capped at 14 percent

PEOPLE

• Organisational revamp at Discovery leads to staff unrest