COMPANIES

• Gujarati Newspaper Group Eyes Voltas
• American Express to increase staff in India
• VSNL launches VRS, scheme open till end-Sept
• HSBC to hire 7,000 people
• Royal Airways may hit sticky patch before launch
• Tata Tea makes Tetley SPV a subsidiary
• ITC e-choupals to be present in 14 states in 3 yrs

GENERAL

• DCA refuses to clear salaries of top MNC managers
• DCA to inspect Reliance Group's books
• No rebates on commission from private insurers
• Steel cos to curtail HR coil production
• More relaxed norms for IBP bidders
• Divestment of A-I hits low patch
• RBI bars GTB from opening new OCB accounts
• TRAI seeks industry views on ISD opening up
• Govt. may abolish import duty on hardware capital goods

PEOPLE

• Yamaha inducts more Indian managers