COMPANIES

• Unimobile sells out to US Co
• Parle Bisleri in talks with Nestle
• Exide plans $6 million expansion
• Eicher Motors net dips 21%
• Spanish Co to set up R&D unit
• Funskool ties up with Warner Brothers
• SKF Bearings ties up with Sundaram Motors
• Hyundai Motor Q1 net doubles
• Kotak Mahindra to set up $100 million VC fund
• Electrolux Kelvinator plant closed
• Bajaj Electricals suspends work at Matchwel unit
• Cadbury sells land at Thane
• Taj to open 5-star hotel in Maldives
• Timex launches big watches
• Tata's open offer for 20% stake in VSNL oversubscribed
• Star to offload 3% stake in Zee

GENERAL

• Indians can invest in US treasuries
• Insurance bill passed
• Mobile phone industry grows 81%