COMPANIES

• MTNL to seek ILD licence
• Reliance hikes polymer prices
• MBT in pact with VeriSign for e-security
• IFCI plans SPV for asset securitisation
• Taiwanese cos to set up colour tube unit in Rajasthan
• GM to finalise Daewoo deal soon
• Lawrence & Mayo plans new products
• Govt to divest over 26% stake in BPCL, HPCL
• Film completion guarantee co formed
• SAB to launch Castle Lager in Mumbai
• Shaw Wallace to set up brewery unit
• E Merck announces VRS
• Net4India to invest Rs 250cr
• Aventis logs Rs 67 cr profit
• Ranbaxy gets USFDA nod for Midazolam Syrup
• Aurobindo Pharma revamps board
• Indica leads in B-segment car sales
• Hetero Drugs introduces anti-ulcerant
• NextLinx plans $10 m investment in India

GENERAL

• Centre hikes DA
• ICICI chair at IIM-B
• Mobile phone prices slashed
• NTPC to set up 1,000 mw power plant in Nagpur
• Aspirin-sized server invented
• Business Ethics award for N. Ram
• Nasscom signs MoU with German firm
• RBI cancels SJ Shares & Stock Brokers licence

CAPITAL MARKET

• Sebi's ban on Arun Bajoria set aside
• Krishna Bhagya to issue Rs 350 cr bonds
• Lord Krishna Bank plans IPO
• Jaiprakash Industries plans pref allotment

PEOPLE

• New KSIPTC head