COMPANIES

• Govt clears sale of 5 ITDC hotels for Rs 170 crore
• Tyre firms propose forum to set rubber price band
• Cummins buys Crompton, Janpath Investments stake in CG Newage
• Exide's Q1 net profit surges 124% on launch of new batteries
• Alfa Laval dreams big, scores big in India
• Prolease may pick up strategic stake in Megasoft
• BSNLs cell service to ring in western states before October
• Jet, IA cut fares by half, Delhi-Mumbai at Rs 3,920
• NIIT software business gets distinct identity
• Tata Steel to create charges to borrow Rs 500 crore more
• Novartis India to launch two cardio products
• ICAI to set up financial report review panel
• Leyland invests Rs 52 crore in data centre
• ACC proposes Rs 100-crore NCDs
• Aurobindo sets up unit for generic anti-retrovirals
• Strand Genomics, Biocon arm in joint venture
• Cabinet clears budgetary support for IDPL revival
• Kerala HC admits Trayons writ against BIFR order
• Raymond's views future with 'cautious optimism'
• GE shipping raises borrowing limit by Rs 700 crore
• L&T invests Rs 84 crore in arm

INTERNATIONAL BUSINESS

• Xerox plans to issue more shares to retire debt
• SAS sells travel booking unit to Amadeus
• Japan Airlines to join cargo alliance with Lufthansa, others
• Airbus says it has not burnt cash in first half of 2002
• Free trade, WTO on agenda of Asean meet
• WorldCom bondholders planning to swap debt for equity
• Japan approves AstraZeneca's lung cancer medicine
• Justice dept wants WorldCom's internal probe stopped
• Cathay aims at China after losing Taiwan share
• E.ON poised to buy Ruhrgas for 4-billion euros
• Insurance in crisis as companies close in Australia

GENERAL

• Ficci wants cheques & balances in Securitisation Ordinance
• Fiscal situation improves
• PM to review power, hydrocarbon regulatory regime
• Direct selling sector posts 23% growth last fiscal

BANKING AND FINANCE

• SBI Ahmedabad division posts Rs 267-crore net profit
• StanChart to lure more consumers in China
• PNB revises FCNR rates
• Two Manipal group firms suspend transactions
• APSFC scouts for cheaper funds to slash lending rates
• SBI slashes housing loan rates
• Tube Investments infuses another Rs 76 cr in insurance arm
• Huge reserves vital for curbing volatility: Jalan
• New Bill to be tougher on dishonour of cheques
• Crisil assigns AA- for IPCL's NCD issue
• IDBI Bank plans branches in Mysore, Belgaum
• PSB lending to public sector companies up 36%
• BNP Paribas to wield axe
• Rally in mid-cap brings smile to US-64

CAPITAL MARKET

• Equity schemes doing better on market recovery: Crisil
• Marginal loss on the bourses
• Exide Industries suspends buyback proposal
• Sensex 30 companies up promotional expenditure
• IOC gains on revamp plans
• Sebi for letting in hedge funds
• Sebi cancels CSE brokers' registrations
• Dollar advances ahead of US jobs data
• Re sheds 3 paise; gilts up
• Videocon, BPL scrips witness spurt on return to bourses
• Mahyco-Monsanto sells entire biotech cottonseed stock

PEOPLE

• Titan's new MD Bhaskar Bhat feels it's time to cut flab, costs
• Justice Raman calls for good governance in corporate sector