COMPANIES

• Indo Rama to sell spun yarn business
• Asian Paints restructures foreign arms shareholding
• Computers Today to close down
• HP launches new server range
• Thermax Posts Rs 2.7-crore Profit In Q1
• Godrej Consumer Products likely to revise buyback scheme
• DCAs Jet Airway probe reveals `minor violations'
• Sify to acquire Wipro's network clients
• Tata Steel to resume full production
• Reliance Petro reversed interest
• Kvaerner bags 490 crore deal
• Mediators for Bajaj split
• Shantha Biotech Plans To Raise $25 Million
• Tata Tea NCD gets `LAAA' rating
• `AAA' rating for NTPC bonds
• Gleneagles plans to invest Rs 32 crore in Apollo JV
• Revenue takes action against against Seagram
• Carborandum Universal sells refractories unit
• Chettinad Cement posts Rs 9-cr loss in Q1
• I-T raids on Modi Xerox offices
• Jindal Strips to invest Rs 104 crore in Haryana unit

INTERNATIONAL BUSINESS

• 20th Century Fox plans first Hindi film
• Virgin Atlantic To End India Service
• Deutsche Telekom CEO Sommer resigns
• WorldCom secures financing in case of bankruptcy
• Microsoft to launch new MSN website
• US economy wounded but resilient, says Greenspan
• Philips Electronics posts net of 171m euros

GENERAL

• Government worried about Delayed monsoon
• FM forsticks to 9% EPF rate
• Govt to review FIPB functioning

BANKING AND FINANCE

• ECGC net rises 29 per cent despite increased claims
• DSL Soft opens centre for banking tech
• ICDS suspends transactions
• Corporationn Bank to launch `Corp e-cheque'
• SBI Mumbai Card launched

CAPITAL MARKET

• Unit Scheme 95 to pay 12 per cent
• Sensex down 49.53 points
• Precot halts buyback
• Indian equity yields lower than bank depositsCMIE
• Ivega buys back stake from investors

PEOPLE

• Vijay Kelkar moves to North Block