COMPANIES

• IDBI to buy $42 mn IFCI preference shares
• Hetero Drugs gets FDA nod for five APIs
• Ivax, Cipla in drug sourcing deal
• Sansui launches Flatotron, Core CTVs
• VSNL to get OFC network from RIL
• Infosys to explore Chinese market
• Modis to sell online lottery
• Kinetic to enter insurance business
• Bajaj three-wheelers to hit Brazil roads
• L&T Capital ties up with Dubai Co
• BPL explores settlement with CDC Finance
• UTI to dilute stake in UTI Bank
• GVK in biotech pact with US firm
• Bajaj, Kawasaki explore new alliance
• Nestle India to launch biscuits
• Shaw Wallace to make foray into lifestyle

GENERAL

• 20,000 MW of nuclear power by 2020

PEOPLE

• Arun Nanda to be co-chairman of DYR-Wunderman
• Nirmalendu Kar quits Bharti