COMPANIES

• Tata Chem forms mgmt teams with Floatglass, Vasishti
• IDBI to buy Rs 100 cr of IFCI assets
• Hetero Drugs bags $10 million order from Brazil govt
• BP bids for DPC
• Zee, Maharashtra sign pact for online lottery
• IBM plans to invest $700 mn
• L&T to launch overseas venture
• Court puts Jessop privatisation on hold
• Reliance shifts regional offices to Kolkata
• Hughes Escorts launches DirecWay
• Reliance buys 762 flats from Cidco
• Annapurna salt to spice up African dishes
• DHL acquiring control of Indian arm
• MUL selloff likely to be delayed
• SSI borrows Rs 750 cr for expansion
• HP govt takes over Wildflower Hall Hotel
• HTA bags Helios account
• Chemfab plans to raise $10 mn
• Gujarat Gas net up 28 per cent
• Samsung India produced 2 m CTV sets
• NHAI moots mutual fund
• Tata SSL plans wire plant at Jamshedpur

GENERAL

• President approves central rule in UP
• Govt to formulate price mechanism for urea subsidy
• SIAM criticises auto policy
• WB to give $300 mn soft loan to India
• Govt removes control over marketing of petro products
• Panel okays entry of brokers, coops in insurance
• Mohanlal to set up studio in Kerala
• Govt cuts staff by 6 per cent in 2001

PEOPLE

• Tata AIG Lifes CEO Oommen quits