COMPANIES

• Mittals to merge all cellular operations
• LIC caves in and sells stake to promoters
• NIIT enters into agreement with IFC for internet kiosks
• Uttam Steel to offload 25 per cent to Folio
• Comcast bid for AT&T broadband rejected
• Bangladesh gives Motorola $12 million contract
• BAT not interested in buying stake in VST
• Kawasaki to use Bajaj Auto as hub
• Novartis acquires rights for Dr Reddy's drug
• General Motors launches new model
• Dabur CGU may foray into mutual funds
• AES may exit Orissa power distribution
• Bharti’s acquisition of Mumbai license may derail roaming tie-up
• Dr.Reddy’s wins court battle against Eli Lilly
• Santro may offer LPG variant
• Mannesman to pull out of Tata Korf
• Losses force BPL to scale down paging operations

GENERAL

• SBI to merge loss-making branches in revamp
• Saraswat Bank in alliance talks

CAPITAL MARKETS

• Sensex dips 12.5 points
• Rules for companies going public relaxed