COMPANIES

• Silverline to retrench 150 staff
• ONGC and RIL bid for Enrons Panna-Mukta
• Alstom to launch more products
• Bayer to recast local operations
• Microsoft India launches Office XP in 9 local languages
• Compaq, Cisco to deliver IP telephony solutions in India
• Compudyne offers special effects to Indian film makers

GENERAL

• Maran takes a hard stance says India wont be steamrollered into trade talks

CAPITAL MARKET

• Tech rally pulls up Sensex
• Bajoria ups stake Bombay Dyeing again
• Telco cuts rights issue size to Rs 978 crore
• Sebi wants strict vigilance on corporates floating NBFCs
• Tata Fin to reduce liabilities
• UTI may rope in 5 outside fund managers
• Tata Chemicals buy back
• Arvind Mills lenders to pull out
• New norms for co-op bank on ATMs
• Amfi wants compulsory certification for new agents

PEOPLE

• IDBI revamps brass, fails to fill top slot