COMPANIES

• GE-Honeywell merger blocked by EU
• FIs , Reliance play stake games in BSES
• Modis’ open offer gets extension till July 16
• VSNL mulls NLD telephony launch by year-end
• GM’s Opel Swings launched; priced competitively
• Eli Lilly picks up 50 percent stake in JV with Ranbaxy
• Oracle hikes India investment to $50m
• Samtel acquires 70 pc stake in French co arm
• 1,000 workers from IBM Global Services laid off
• Hewlett-Packard asks workers to take pay cuts
• Shell may foray into gas distribution
• Telco plans to sell investments to pay debts
• Universal Studios mulls setting up $500 m theme park in India
• Rallis sells property to TCS for Rs 133 crore
• Full-time home shopping from HLL
• Kuoni takes over Tour Club
• ICICI Bank ties up with BPL Mobile for co-branded credit card

GENERAL

• India initiates dumping cases against US, EU & Singapore

CAPITAL MARKET

• UTI lays blame on corporates
• Sinha tells investors not to panic
• Stock market crashes by 114 points
• US stocks down
• Sebi nod for Cadila's open offer for GRL

PEOPLE

• P S Subramanyam resigns