COMPANIES

• Naik to seek PMs nod for HPCL, BPCL IPO before selloff
• Two is too much!
• ALL Q1 posts Rs 9.74 cr Q1 net, sales up 14%
• Telco nears complete divestment of Haldia stake
• VSNL proves a wrong pick for Tatas
• GSK Q2 net after exceptional items dips 10%
• ITC Hotels may be merged with parent
• ONGC-Videsh to invest $1-billion in Central Asia oilfield
• Coke claims capturing 60.5% mkt share
• Maruti to launch diesel version of Esteem
• Rahul Bajaj wants govt stake offload in MSL expedited
• Kinetic plans 100cc scooter with below Rs 30,000 price tag
• JP Morgan chase to buy Nissan subsidiary
• Govt plans UTI split, to put US-64 in new AMC.
• Fiat India in talks with GM, Suzuki
• Revamp not to affect top brass of Indal, Hindalco: K.M. Birla
• Usha Beltron plans loan swap with IFC fund DEG due diligence under way
• Singhanias to sell 14 pc in JK Ind to Mauritius co
• HM to supply engines for GM's new vehicle
• Indo Rama looks for partner in yarn
• Biocon gets CAP
• ITC continues its strong show

INTERNATIONAL BUSINESS

• Argentina jobless rate at record high
• Tyco taps Motorola CEO to stay afloat
• Siemens sells 7 units for $1.7 bn
• Silicon Valley: when will the bad times end?
• New Bill to make escaping debt through bankruptcy tougher
• EU, Japan slam US plan to slash farm tariffs
• A&L unveils share buyback plans
• Enron, WorldCom scandals to cost US at least $37 bn
• US Congress okays corporate reform Bill
• Citigroup, J P Morgan asked to explain Enron deals

GENERAL

• Come Sept & sop scheme for co-ops would be ready
• Govt pursuing 31 D cases
• Beeline of bigwigs for Made In India in Kabul in Sept
• Navy propels private role in defence via submarine order for L&T
• Diamond bourse likely to be ready by 2004
• More Indian IT firms to develop banking products
• Automobiles, banks, food products show higher net profit in 2001-02
• Filmstars to shell out lesser tax

BANKING AND FINANCE

• Dhanalakshmi Bank yet to get RBI approval
• Allahabad Bank to team up with ICICI Pru for life products distribution
• Allahabad Bank to crack down on 60 defaulters
• IDBI taps market with Rs 200-cr flexibond issue
• AIG profit rises 37 per cent on higher premium
• ALF, BPCL to launch co-branded affinity card in September
• Euro transactions in banks gather speed
• Maruti launches finance arm
• Insurance industry wants cap on rider premium to go
• AMP Sanmar in Maharashtra
• First India open to 'desi' synergies with MetLife
• European co rates New India `excellent'
• Housing finance cos upgraded
• RBI dividend even before auditors are through
• IndusInd Bank refutes JPC's comments
• Raising resources PFC, REC mull options on securitising receivables
• `Interest rates likely to remain at current levels'
• RBI may allow corporates in repo market
• ICICI Bank cuts deposit rates

CAPITAL MARKET

• Markets sink to 9-month low
• Sebi plans tougher norms for debenture trustees
• Bear onslaught
• HLL market cap falls Rs 1,600 cr Analysts lower sights on poor monsoon
• Cipla firm on drug supply talk
• Sebi forms panel to consider full automation
• IT stocks get a drubbing; ITC flares up
• Rupee stable; gilts bullish