COMPANIES

• Oracle first quarter earnings higher than estimated
• Hughes Software modifies financial forecast
• Propack acquisition helps Essel increase global mkt share
• Essar Steel to recast business, cut losses
• P&G cuts prices to compete with HLL
• Sun Micro plans major investments in India
• Sails capacity utilisation drops
• Indian Oil increases market share in April-Aug
• Grasim launches Uncrushables
• Coca Cola Diet Cola runs out of fizz
• RIL not interested in Enron's DPC stake
• Divestment of SAIL's Salem plant to start in Nov
• L&T opens third VRS for 4,300 unionised staff
• MSEB starts load shedding
• Duncans go for relaunch of brands
• Pegasus Solutions to close domestic operations

GENERAL

• US industrial production down
• US declares emergency
• No hike in petro price: Naik
• PM warns of harsh economic decisions
• 40 Indian firms to attend Durban expo

CAPITAL MARKET

• Sensex crashes 157 points
• FIIs go on a selling spree

PEOPLE

• Ravi Uppal appointed ABB India MD