COMPANIES

• Raymond close to buying European garment firm
• Bayer plans Rs 2,3000-crore plant in India
• Bhadrachalam to merge with ITC
• Toyota to roll out 2 new cars
• Marutis Every Plus by October
• General Motors to buy Matiz
• L&T to offer VRS to managerial staff
• Premier Auto to launch MUV and light truck
• Pendse hits back at Tatas
• HP India to rev up operations
• BSNL going mobile in 43 cities
• China plans giving News Corp & AOL Time Warner access to TV audience
• Thermax to sell exits Surface Coatings unit; sets up new subsidiary
• Government hunts for another Scooters India ally

GENERAL

• FIIs, corporates colluded with Ketan:Sebi
• Cellular firms on recruitment binge
• IDBI has global aspirations
• Centre firm on Maruti rights issue

CAPITAL MARKET

• Shankar Sharmas First Global, Bang accused of fictitious deals
• Sensex down three points
• Castrol, BP asked to pay 15 percent interest on offer price
• US stocks slide in midday trading
• Enron for 3-stage payment for Dabhol equity
• UnitedHealth buys majority stake in Sedgwick

PEOPLE

• CEO ITspace.com resigns
• HP-ISOs new HR head is Parmeshwar Ravi
• Top management reshuffle at Hutchison