COMPANIES

• Backlog for Indica V2 Tata Engg runs 2nd shift at Pune assembly unit
• Gujral group opens centre for hospitality training
• Gujarat Ambuja merger plan okayed
• Sumitomo joins race for SWIL
• Jindal Steel's rail mill to go on stream in Q3
• Apollo `First Med Hospitals'
• DCA prescribes norms for financial aid from IE&PF
• GSPL signs pact for gas transportation
• Shiva Cement may move into red
• I-T slaps Rs 100-cr levy on Sterlite
• Boots Piramal to expand OTC product portfolio
• IFC set to acquire 10% in Escotel
• Toyota to invest $400m on new car for India
• BoI Q1 net up 42% to Rs 177 cr
• Fare war to heat up as Sahara plans expansion
• Lull over, Reliance Info beeps again
• Sify Q1 sales up by 16%, cash loss down to $4m
• Bajaj Group appoints mediator to avoid split
• Mass brands are FMCG stars
• Louis Vuitton to set up shop in India
• Alembic gets DCGI nod for clinical trials of injections
• WB govt may renew talks with IOC on HPL stake
• Sahara counters farecitement with crickcitement

INTERNATIONAL BUSINESS

• Coca-Cola to treat stock options as expenses
• Hong Kong bankruptcies reach record numbers
• Pfizer buy may kick off consolidation drive
• Investors make beeline for Bank of Chinas IPO
• BHP unit lists at a premium, has global plans
• Pfizer Q2 profit up at $2 bn
• Deutsche Bank faces up to $9-bn writedowns
• Pfizer's Pharmacia buyout forces Novartis lower threshold
• Roche keeps options open on strategic deals

GENERAL

• Jewellery exporters eye EU markets as Euro sparkles
• Rlys chooses its own ivory tower; refuses to cut fares
• SC notice to Delhi, CP on auto pollution
• Tenth plan targets fiscal deficit at 3.3% of GDP
• CII on confidence building mission to UK
• Fiat on floor reinsurance fee upsets PSUs

BANKING AND FINANCE

• ICICI launches `Direct Alerts'
• Ripples in `The Millionaire Club'
• Kotak MF scheme with exposure to US T-Bills
• Savings bank deregulation not now
• NPA Ordinance may cover urban co-ops too
• IFCI may be denied access to EPF funds ICICI also to be struck off PFI list
• Western Union to tie up with banks, FIs
• Catholic Syrian AGM to take up insurance foray
• UTI Bank to raise capital Eyes foreign investors for pvt placement
• IDBI Bank unveils products for SMEs
• IDBI Bank opens Kochi branch
• RBI optimistic on growth forecast: Jalan
• Big corporate houses in RBI defaulters list
• Delhi Defaulters owe Rs 7,200 crore to banks

CAPITAL MARKET

• Reckitt open offer
• Bear onslaught
• Fertiliser stocks wither
• Sify may be out of Nasdaq listing soon
• ONGC up on stake sale talk
• NSE plans index product mirroring market swings
• Block deals lift EIH
• Barring PSUs, it's red pointers all over
• HC okays Sterlite arrangement
• TTP union urges Kerala Govt to help clear stocks
• Re sheds 7 paise; gilts firm
• Dollar nears parity with Euro

PEOPLE

• Preet Bedi quits Lowe to head TBWA-Anthem
• Marico CEO quits, likely to join online lottery venture