COMPANIES

• Alcatel recasts business
• Indian Rayon to buy controlling stake in PSI Data
• Zee considers primetime slots on DD Metro
• India could become a major innovation center with Media Lab Asia
• A-I sees profits in fiscal 2001-02
• Videocon, Sterlite may be out of divestment race
• Octavia to be on Indian roads by September
• Activa of Honda to be exported to Nepal, Mexico, Turkey
• Tea, coffee businesses of Tatas may eventually merge
• Sundaram Finance records increase in net
• Eli Lilly sees way ahead in clinical research in India
• Aditya Birla group; exit from VSNL divestment race
• United Technologies to use India as outsourcing destination
• HDFC to sustain growth despite intense competition
• SAIL's Rs 21-cr order under CVC scrutiny
• Final review of GE-Honeywell underway by EU

GENERAL

• Second-hand cars, the latest obsession
• Ice cream makers bid to cream the market
• Funded pension system considered
• Private players to be allowed into coal sector

CAPITAL MARKET

• Sensex down by 63 points
• US-64 may not be NAV-linked by next year
• BSE changes stand, to kick off OIS in all 31 stocks
• UTI Bank paid-up capital to increase by 33 percent