COMPANIES

• Wipro acquires GE medical sys IT for $5.73 million
• Jisco back in black with Rs 9.70-crore profit; negotiates debt restructuring with UTI
• RIL among Asias ten best credits
• Air France awaits govt nod to start south-bound flights
• Zydus offer for GRL stake finds few takers
• Marico net up 16% to Rs 14crore
• TCS retains top slot in software exports
• Torrent eyes Europe, to set up shop in Germany
• Coca-Cola, Pepsi sip same growth numbers
• Jyothi Laboratories scouting for private equity
• Maersk Logistics JV with Delhi-based firm
• Bajaj dispute: may go beyond Pawar
• Tatas thrust to branded businesses Plans Rs 300-crore promotion
• Carrier Corp stake in Indian arm tops 90 pc
• Coca-Cola breaks the ice on expensing stock options
• MSTC scheme to improve workers' skills
• Wockhardt Life completes deal for IV business sale
• Usha Beltron to relocate Ranchi cable unit
• Lafarge to build Rs 150-cr Bengal plant in two years
• Orchid to set up Chinese facility for cephalosporin Forms 50:50 joint venture
• DCA allowed to probe Xerox dealings
• BHEL to tie up with Shree Ind for water heaters
• TRF, Samsung join hands
• Ranbaxy's Q2 net spurts 190 pc 3:5 bonus issue announced
• Camlin proposes 1:1 bonus; Q1 net rises 28 pc
• Zee posts 31 pc rise in Q1 net profit
• STD rate cuts dent BSNL, VSNL revenues

INTERNATIONAL BUSINESS

• Kraft Q2 earnings grow 17% on strong sales
• Electrolux sees 54% rise in profits
• Asian exports still look strong
• WorldCom agrees to asset freeze
• US may appeal WTO ruling on anti-dumping
• Schlumberger net income at $196m
• Raytheon in red for 6th straight quarter
• ADP quarterly profits rise 7.5%
• Celestica to lay off upto 15% staff

GENERAL

• FIs may go slow on steel sector debt restructuring
• Prabhu to meet Jalan, bankers today
• Ministry asks CCEA to cancel P&O bid for Kochi terminal
• Quarrying, mining up 5% in May
• Delivery-based trades perk up on bourses, hit record levels
• Car sales in fast track, up 5%
• Another lean year stares at tourism sector

BANKING AND FINANCE

• Crisil sounds alarm bells over state govt guarantees
• Harshad Mehta tops State Bank defaulters list at over Rs 800 crore
• Lord Krishna Bank plans acquisitions, public issue
• South Indian Bank Q1 net up 22% to Rs 19 crore
• GE Caps raises Rs 100 crore seven-year FRDs at 8.10%
• Clearing Corporation plans alternative to call money
• Rupee steady; gilts bullish
• Corpn Bank sets aside Rs 88 cr for tech upgradation
• CanFin Q1 net rises 10 pc
• RBI cheers up Govt with Rs 10,300-cr dividend
• RBI surplus profit surges above Rs 10,000 crore
• Online phone bill payment thru Centurion Bank
• Union Bank Q1 net up 81 pc at Rs 114 crore
• Bank defaults mount to Rs 80,246 cr: AIBEA
• 'Defend PSU banking' rallies today

CAPITAL MARKET

• Alliance offers exit option in income plan
• Bear run arrested
• Block deals due to Nestle parent
• Hind Zinc slumps on heavy selling
• Rough voyage for Shipping Corpn
• Select PSU, automobile stocks shine

PEOPLE

• APJ Kalam was elected India's 12th President
• UTI chief's extension cut