COMPANIES

• Tatas to float new company for infocom business
• IDBI may take over public/private sector bank
• Sony India pegs Rs 700-crore sales target for current fiscal
• Dell to set up production base in India
• Intel PCs will be cheaper by October
• SET will be pay from Sept 1
• No conclusion to talks between Indian Rayon, Tommy Hilfiger
• Aaj Tak planning English channel
• BPL scripts strategy for dominance of CTV market
• Shakeout looms in the tyre industry
• TVS Suzuki launches Victor priced at Rs 40,000-plus
• Sterlite, Indo Gulf, SWIL form alliance for copper use promotion

GENERAL

• FM may relax valuation of perks
• APM deregulation may be deferred
• Watch the channel of your choice but pay Rs 3,500 first
• Private FM companies can lease broadcasting towers from AIR
• Convergence Bill hints at cross-service restrictions

CAPITAL MARKET

• Indian FIs offer to reschedule DPC debt
• Wartsila makes open offer for 49 percent Indian subsidiary at Rs 120/share
• ITC increasing stake in Bhadrachalam
• Infosys to enter Nasdaq-100
• Dow below 10,000
• Nasdaq woos 50 Indian firms

PEOPLE

• Haldia Petro to get new chairman today
• BSES Telecom Ltd CEO may be out