COMPANIES

• Reliance Infocomm leads race for Satyam Infoway
• FIs train guns on defaulters
• Indians needn't fund US social security
• KSEB asks BKPL to lower fixed costs, moots debt Recast 
• Tata Engg to launch Indigo by year-end 
• SCCL claims stocks to meet power demand 
• Reliance Life Science to sell stem cells
• IFCI shops for $100m loan at 50bps over Libor
• DCA drafts norms for merger valuations
• Ferguson says it sacked Kale
• DCA proposes action against TFL
• Mitsubishi quits race to grab STC
• Infy's CMO quits to join Wipro
• Madison Holding takes 5.33% in Satyam Computer
• HPCL to spend Rs 3,000 cr on refinery upgradation
• Roots Ind lining up slew of launches for auto sector
• TNPL move to use captive plantation of eucalyptus
• First Med's nephrology unit in Chennai
• SRF Polymers board okays buyback plan
• Digital GlobalSoft ESOPs
• Wipro stock options for employees
• Pollution clearance is Chemplast's last hurdle
• Promotion of SEZs, industrial parks Srei Capital in pact with Singapore consultant
• XPS Cargo signs pact with Chinese firm
• Trayons revival remains uncertain
• L&T order backlog at Rs 11,878 cr
• Tinplate mulls 40% hike in capacity
• Goldiam Intl posts Rs 3.69-cr profit

INTERNATIONAL BUSINESS

• BASF Q2 operating profit up 10%
• Carlsberg op profit rises 34% in H1
• Dead wife of Rabin loses frequent-flyer status
• Jurys out on this: Former CEO of ImClone defrauded BankAm
• Buffet's take on pension plan: Don't get carried away
• Australia, Indonesia win major gas supply contracts
• Asia-Pacific consumer confidence down: survey
• US judge lets Indian worker seek damages from boss
• IMF announces additional loans to Brazil
• Shady company practices let US down: Bush

GENERAL

• National purchase index planned 
• ICAI to set up panel for published accounts review 
• Economy growth seen slowing in 2002-03 
• Beijing to have a sample of made-in-India 
• Ex-chief of Osmanabad Co-op bank arrested 
• CCEA to decide on UTI recast soon 
• Air-India posts Rs 15 crore profit 
• Curbs On Cocoa Imports May Go As Ghana President Intervenes 

BANKING AND FINANCE

• North Malabar Gramin cuts rates
• Partners lost faith in Kale: Ferguson
• ICAI seeks DCA advice on probe
• Bill payment through the Net
• Impasse over Bank of Tokyo branch closure continues
• No investment limits on new tax-free bonds
• Holiday Inn, Pune auction put off to August 19
• Nanyadarshini 2002
• Lord Krishna Bank comes under RBI lens for violating advance norms 
• Depositors seek penal action against RBF Nidhi Promoters 
• StanChart offers Sapnay Card to minimise frauds 
• IFCI to tap banks for raising $400-million by November 

CAPITAL MARKET

• 'Tracking Error before investing
• Falling rates fail to spoil the MF party
• Old Economy outshines pharma, IT
• MRPL to issue preferential shares to ONGC, lenders 
• GoM endorses US-64 bail-out, UTI revamp
• Big investors take large pie in HDFC index funds
• Bear domination
• Tata scrips take a beating
• Tata Finance imbroglio Weakness pronounced in 3 group stocks
• Sterlite Opticals under pressure
• FII inflow down 80 pc so far this fiscal
• Markets wilt under drought report
• `50 pc Union Bank IPO for retail investors'
• Rupee stable; gilts down

PEOPLE

• Curtailing fresh NPAs is the real challenge 
• Naina Lal Kidwai joins HSBC Securities as executive VC
• Twists & turns in search for new SAIL chief