COMPANIES

• FMCG sales dip 4% in May on weak consumer demand
• FIs strip Jindal plan to prepay Rs 150-crore loans
• Reliance raises $250 million through syndicated loans
• ICICI Bank to enter into merchant acquiring
• Oil firms asked to maintain prices within a band
• Essar Steel to buy back $188-million loans
• HP India to sack 10% workers
• BHEL Ramachandrapuram unit to upgrade gas turbine facility
• Hutti Mines to scale up bio-reactor pilot project
• Corporate governance panel to meet soon
• IGL to spend Rs 300 crore more on retail outlets
• Binani metals to diversify
• SCIs LNG foray detrimental to divestment, feel bidders

INTERNATIONAL BUSINESS

• Europe sets itself as model for Asian monetary cooperation
• Enron board knew of accounting shams: Panel
• Bank of China HK launches $3.2-bn IPO
• US Airways, pilots near agreement
• Opening up: Asean nations can go solo
• Malaysia plans oil stockpile for region
• WorldCom bondholders consider debt swap
• Rating agencies may be too quick on the trigger
• DaimlerChrysler: Bombardier lawsuit is baseless
• Creaky but indispensable US model

GENERAL

• EU market turn tough for Indian exporters
• Advance corporate tax up 25% in June
• 10th Plan suggests changes in debt recovery tribunal code
• Speed up reform process to sustain economic revival: CII
• PSUs do an Enron, Worldcom and Xerox

BANKING AND FINANCE

• Vysya Bank sheds staff by 15%
• Creit Agricole cuts 30% Indian operations staff
• Banks urged to consider ESOP
• Bonds placement falls short of target
• Banks begin homework to sell NPAs post-ordinance
• IRDA to share its funds with public accounts

CAPITAL MARKET

• Markets take a fancy for liquor scrips
• Dollar bears on the dominance in local markets
• Ride up the euro
• It's tough times for IT funds
• Factors favourable to equities: IL&FS Mutual Fund CEO
• Satyam, Dr Reddy's close on firm note

PEOPLE

• Dhirubhai Ambani's body cremated
• India Inc hopes Mukesh and Anil to stay together