COMPANIES

• No bonus issue now: Electrosteel
• Gufic Biosciences mulls private placement to drive growth
• `ICAI adapting to changes in business arena fast'
• Funding carrier pipelines Petronet may get oil cos to `comfort' FIs
• Global giants line up for a slice of Nalco
• Corolla to roll out next year
• Adlabs to turn Satyam Shivam into multiplex
• Reckitt Benckiser plans another open offer
• Deloitte plans to revamp salary structure
• H-P to unveil 3 printers, more wait in the wings
• Subdued response for TVS offer to acquire Harita Fin shares
• Tata Tele plans to raise Rs 2,400cr for basic services
• Gail to fund HAL only if IOC has control
• Indian Rayons carbon black unit to enter new sectors
• Downstream steel makers go for price under-cutting
• Godrej Sara Lee to distribute Kleen Flush, Dranex in India
• Atlas products to go public by 2003

INTERNATIONAL BUSINESS

• Global investors call for reform of exec pay
• Bush Task force's chief: A champion of consumers
• Bush calls for stronger accounting watchdog
• Energis to be taken over by creditor banks
• E.ON takeover of Ruhrgas put on hold
• Refining, marketing burn oil firms, but crude looks up
• Shareholders lose $2.4 trillion
• Used-car buyers in US cheated of $1b every year
• 3M unveils Scotchgard in brand new avtar

GENERAL

• Monsoon deficient till date May blow away hopes of economic recovery
• Crucial economic Bills to be put on hold
• Gasohol dollops being reviewed
• India Inc. scours globe for cheaper supplies
• Mobiles to hog 45% of new connections
• Insurers revive hope as Monsoon Session begins today
• It to be used as trumpcard in Central Asia
• India ranks a poor 73rd in economic freedom index
• Yearly net of 890 companies rises 7.09 per cent in 2001-02

BANKING AND FINANCE

• Forget queues; bank online
• LIC scuppers States' bid to buy back high-cost loans
• Traders shy away from long-dated securities
• SBI ready with social plan
• Short-term govvies to see good interest
• Defaulters keen to settle NPA dues
• HSBC rules out takeover bids for Now; seeks 51% holding

CAPITAL MARKET

• Equity exposure: Will it be safe this time?
• NIIT promoters shed 8 pc equity through open market sale
• Uptrend in textile scrips
• Divergent trends emerging
• Divergent trend in Infosys Tech
• Bonds seen slipping, dealers await auctions