COMPANIES

• Tata Engg profit seen at above Rs 65 crore
  
• High level inspection team to visit Dabhol Plant today
  
• Tata Chem set to launch new growth initiatives
  
• United Phosphorus net rises 32%
  
• Air Sahara to buy 11 Airbus aircraft for $400m
  
• Bajaj Auto plans VRS for 1,000 more workers
• UK's Pearson signs $20m deal with Mentorix
• TCS ties up with NEC of Japan to expand IT base
  
• NTPC enters distribution through TNEB tie-up
  
• IndAmEx gets 2 new members, loses one
• Telecom Consultants to offload 20% in Hexacom
• Hyatt to part ways with Saraf in Delhi
• Accor shifts focus to masses, plans budget hotels
  
• Wockhardt plans US, Europe foray
  
• DoT may slash licence fees of operators

INTERNATIONAL BUSINESS

• UAL staff to take pay cut
• UK trade team to focus on environment business
• Nike to pay $8.9 mn in class action suit
• New York tells MSN's butterflies to fly away

GENERAL

• Industry cautiously optimistic about H2,says Ficci survey
  
• India to face severe water scarcity
  
• Lack of regulator Keeps investors off new airports
  
• Chautala ropes in women officers to woo FDI
• Norms for FDI in print likely before winter session
  
• Karnataka releases Cauvery water
  
• Devdas official entry for Oscar
  

BANKING AND FINANCE

• OBC net jumps 26% in H1
  
• GIC to meet General Insurers today
  
• IBA expects roadmap for CRR reduction in credit policy
  
• Wilco solution for Spanish bank
• Repayment to depositors from Dec.
• Banks cutting back deposits at short-end
• Centurion Bank does cleaning-up, trims net loss
• Bankers bristle at charge over low credit-deposit ratio
• Ministry, RBI in talks on PNB-Nedungadi merger
  

CAPITAL MARKET

• Most PSBs buck market trend
• Reliance Industries: Can we `rely' on it?
• Lacklustre earnings affect sentiment
  

PEOPLE

• Bharat Shah of Birla Sun Life quits