COMPANIES

• Mahajan warns of tough legal action against VSNL
• Tatas clarify investment by VSNL
• ONGC nets highest profit by Indian corporate
• A-I MD Gogois term extension stalled
• Special VRS package for BGML staff
• Indian Airlines CMD Arora to get full term
• Parry Agro net profit rises by 8%
• ITC to roll out ready-to-serve gourmet desserts
• Problems over supply to affect Travancore Cements
• Subex Systems plans Rs 20-crore rights issue
• Global licensing is Ranbaxy prescription for growth
• Thermax banks on services business for growth
• IBM cuts 2,000 jobs from services division
• Healthaxis, Satyam join hands
• BEL, BEML stocks volatile due to tensions

GENERAL

• IRDA bid to end motor tariff portfolio standoff
• HC quashes CBDT order on tax relief to Mauritius FIIs
• Shourie surprised over PSUs holding huge reserves
• FIPB wants RBI to scrutinise four firms under FEMA
• Naik says India has enough petro product reserves
• State Bank of Mysore net profit rises 156%
• ED chargesheets six ITC ex-officials under Fera
• Oil marketing companies to defer payment
• Jaimini Bhagwati deputed to World Bank
• Sinha calls off visit to US
• Several Somasundara Mills workers accept VRS
• DCA allows remote board meets
• Executive search company plans web foray
• ICICI Bank, VSNL firm on fund buying

CAPITAL MARKET

• Lacklustre markets create more losers
• i-flex IPO to open on 5 June at Rs 530