COMPANIES

• Many in race to acquire ITI-Pioneer
• Asian Paints to sell phthalic anhydride Plant
• Ceat scales down managerial staff
• Govt to double stake in Hudco
• Hitachi to strengthen operations in India
• Equipment bank starts operations
• Tata Tele launches pay-phone service
• Switcher launches summer wear
• Bajaj Allianz gets Raichur power stations contract
• ICICI Bank plans more processing centres
• Indica heads for Iran
• Ashok Leyland plans VRS
• KfW to open shop in India
• RIL to dilute stake in Reliance Infocom
• Harbhajan, Laxman to promote Ray
• Duncans to set up tea boutique chain

GENERAL

• UP headed for hung assembly
• Jayalalithaa wins, set to be sworn in CM
• Hyderabad airport gets Rs 135 cr from Hudco
• CII delegation for East African countries
• 17 cos evince interest in Ennore terminals