COMPANIES

• IOC to divest holdings in ONGC, GAIL
• Oman Oil roped in for HPCL, BPCL bid
• GlaxoSmithkline puts Ankleshwar plant on block
• Mirc Electronics expects double profits in 2002
• US Exim Bank questioned DPC project
• Telco spruces up Indica to shore up volumes
• Indian Bank posts first profit in six years
• GP Goenka group increases stake in NRC
• RIL to make open offer for 20% in IPCL
• Maruti IPO advisor selection next week
• Titan rolls out Edge, worlds thinnest watch
• Palio Adventure cheaper than Siena Weekend
• Importers fail to tap hepatitis-B vaccine market
• A-I expects to post Rs 24-crore net in 2002-03
• Chennai Petroleum PAT down at Rs 82 crore
• Moschip preference issue to APIDC
• Nicco Corporation rejigs debt, seeks partners
• Venkeys Foods to merge with VIL
• Sebi issues notice to Matrix for code violation
• Century Plyboards, Shyam group in ferro silicon JV
• Nagarjuna Oil in talks with Vitol for equity
• Subex rights issue to not exceed Rs 20
• Bharat Forge gets $20-million Chinese order
• Monsanto reaps rich harvest on good monsoon
• UDV unit head bids for brands from own stable

GENERAL

• Rupee trades at 49.0150/49.0250
• US visa fee to go up from 1 June
• Mid-price hotels get a facelift to do brisk business
• War fears weigh on rupee, stocks
• Leakages to cost telecom players dear

CAPITAL MARKET

• Markets pick up; Sensex up 64 points