COMPANIES

• ICICI to reduce number of subsidiaries
• Piaggio reenters India as Piaggio India; plans to set up 2-wheeler plant
• Tatas may enter into talks with Delta-Air France consortium
• Shaw Wallace winding up 2 arms
• LIC planning to take strategic stakes in banks
• Tata Finance to sell stake in subsidiaries
• Avery (I) shuts down Kolkata unit
• Innovation centres for home networks from Wipro
• Hyundai India sales up in 2^nd Quarter
• Pepsis bottling man is new franchisee of Pizza Huts in North
• Samsung India to launch 18 products this year
• Hutch, BPL to cut rates on cell-to-cell calls
• AmEx to exit corporate banking in India

GENERAL

• PMO to set up body for reforms implementation
• Exporters propose to challenge Ricetec with improved basmati

CAPITAL MARKET

• Sebi amends takeover code
• Majority stake eludes Britannia promoters
• 10 stocks corner three fourths of NSE turnover post badla ban