COMPANIES

• Wipro directs resources in R&D and offshore business
• Tata Consultancy Services ties up with Israeli firm
• Reckitt Piramal dissolved
• GP Goenka Group exits from stake in Herdillia
• BSES said to be investing in Hirma power project
• Nicholas Piramal to shut Rhone’s Mumbai unit
• Apollo backs out of Mafatlal deal
• BNP Paribas launches VRS
• Dr Reddy's to make debut in bio-tech
• Tata Tea and Tetley merger soon
• Aptech relocates operations at Mhape centre
• GE-Honeywell deal break up claims Honeywell CEO

GENERAL

• Countdown for Air India privatisation begins

CAPITAL MARKET

• Ban of US-64 trading may be lifted
• Sebi to come down hard on erring brokers

PEOPLE

• Citibank brings in top management changes
• Subramanyam may also quit IL&FS
• Vassal to be acting chairman of UTI