COMPANIES

• Amara Raja to design products for US partner
• Dr Reddy's gets USFDA final nod for Ciprofloxacin
• Agro Tech plans board meets via video conferencing
• Ranbaxy's anti-AIDS drugs on WHO list
• Sahara plans multi-utility smart card
• Siemens to consider Joka plant closure
• Bhoruka gets LAAA rating for Rs 8-crore NCD
• SWC beer valuation may have delayed SAB deal
• GE Capital to buy stake in TV Today
• No plans to return cash: Infosys CEO
• Higher foreign stake in SCI to win back bidders
• Clorets, Halls may up for grabs
• Boeing to pitch for Air-India order
• Infosys Q1 topline grows by 25%
• MRF plea against JK Industries turned down
• Reliance Communications plans $250-million ECB in September
• Chauhan takes Bisleri to American shores
• Bharti, Tata Teleservices share optical network in Delhi
• Air fare cuts move from local to global skies
• VSNL cuts US, Europe rates by 40%
• Bhilai steel eyes Rs 700-crore net in 2002-03
• JB Chemicals to set up manufacturing unit in Daman
• CETMA may introduce corporate ombudsman
• Bhel bags Rs 35-crore grid substation project from Rajasthan
• Ernst & Young report pegs NPLs at a massive $28 billion

INTERNATIONAL BUSINESS

• IMF upbraids corporate America
• Corporate expatriates face tough times
• Counterfeit drug cases on the rise in US
• Michelangelo drawing found in New York maid's room
• Hackers thrive in Israel, Hong Kong
• WorldCom to decide on reorganisation in three weeks
• WorldCom executives put onus on auditor
• Nokia to sell broadband equipment to Sonera
• VoiceStream, AT&T Wireless in merger talks: Report
• BoC HK battles bad debt, seeks lower risk loans

GENERAL

• No business without ethics
• India is No 2 investor from Asia in UK
• Consumer-boosting steps on the anvil
• Pension Bill: Plan panel picks holes in working group report
• Prabhu asks CPSUs to raise funds via IPOs
• States to get Rs 6,654 cr for flood control in 10th Plan
• FM tells CBDT to get cracking on reasons behind shortfall

BANKING AND FINANCE

• Exim Bank extends $25-m credit to Russia
• Hi-tech bank service comes at a price
• Differences over service tax on life policies
• Truckers serve notices on TAC
• RBI proposes to utilise SBI electronic transfer facility
• UTI Bank net increases 42% in Q1
• Banks plan to offer G-sec-linked loans
• SBI to upgrade Mangalore, Kankanady branches
• GTB launches new debit card
• Indian Bank tie-up with California bank soon
• Household savings seen at 19.7% of GDP under 10th Plan
• Basel committee aims to finish new rules in Q4 2003

CAPITAL MARKET

• Rupee stable; securities dip
• Volatile movement on the bourses
• Infosys results fail to cheer tech counters
• Escorts sees uptrend ahead of results
• Tata Chem sees heightened interest
• Retail investors pull up B1, B2 scrips
• FIIs' stake in Apollo Hospitals falls
• Good time for watch stocks; techs take a beating