COMPANIES

• TCS likely to recruit 1,500 telecom consultants
• Tata Engineering works on zero-defect sedan
• 3 Punjab PSUs put on fast-track sell-off list
• IOC net profit rises, to pay 110% dividend
• Tata Engineering, BPCL in pact to market lubes
• Companies general rules, forms amended
• Bharat Bio in marketing tie-up with Unichem
• Tata Construction new MD yet to be nominated
• Parry to close down plant
• NMDC to focus on diamonds
• Apollo bets on hospital management
• iSoft likely to get more projects now
• Siemens bullish on India
• Coke seeks nod again for stake dilution
• M&M to hike market share to 45% in 3 years
• Schwing Stetter plans new product launches
• Cabinet clears ONGCs Sudan project
• Nordisk eyes CDRI synthetic molecule
• Tisco targets March 2003 for auto drive
• Hyundai tops sales charts in January-May
• Late fees on MNC returns increased
• Deloitte Touches local arm eyes BPO alliances

INTERNATIONAL BUSINESS

• Hyundai in wage deal with workers
• Vivendi may sell tech unit to clear debt
• Coca-Cola, Danone in water partnership in US
• Aventis expects 7 new drugs by 2006
• BA cuts fares to take on no-frills rivals
• US auto part companies oppose steel tariffs
• From death bed, Enron perked up execs
• Suzuki close to taking Daewoo stake

GENERAL

• Export growth rate set at 12 per cent
• Cabinet okays ordinance for asset reconstruction
• UTI lines up internal ARF for MIP-95
• Maran pegs export target at 12%
• CII suggests steps for SSIs competitiveness
• UNCTAD links poverty to commodity dependence
• Issue price of central pool rice for exports revised
• ICRA downgrades Maharashtra borrowings

BANKING AND FINANCE

• Sinha to review lending rates with bank chiefs
• Global cards not to be used for banned items: RBI
• Long-term FCNR deposits not feasible for banks
• Nabard gets nod For Rs 1,000-cr tax-free bond float
• NHB plans Rs 50-crore MBS for PNB Housing
• IDFC to focus on reforms in agro-market infrastructure
• Emirates Bank eyes small stake in ICICI Bank
• Mizuho files report to regulator on computer woes

CAPITAL MARKET

• US-64 outperforms BSE Sensex: UTI
• Kotak Mahindra MF, Redwood join hands
• Bear domination continues on the bourses
• BSE waives off arbitration fee
• Divestment talk lends glamour to state PSUs
• Agro Dutch up on expansion hopes
• Amara Raja rises on auto sector revival
• Outlook on HPCL negative
• FII selling exerts bear pressure
• SEBI action sought on Sterlite exit-option scheme