Highlights

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COMPANIES

• P&G to focus on greater leveraging of distributor net
• Chemithon targets FGC market in eastern region
• Neyveli Lignite to double capacity of proposed power project
• Essar in advanced stage of merging all telecom ventures
• Techna plans software centre in Kolkata
• SABMiller still keen on SWC stake
• KBJNL moots steps to reduce cost of borrowings
• Color Chips ties up with ESPN
• Amway plans India as base to service Asian market

INTERNATIONAL BUSINESS

• Koehler optimistic of global recovery
• G7 finance chiefs mull over Iraq future
• American Airlines, 2 unions seal wage deal

GENERAL

• New Delhi seeks separate market access benchmark for rich & poor
• Rs 800 cr blueprint for renovation of non-metro airports

BANKING AND FINANCE

• Syndicate Bank staff oppose promotions
• Bank staff plan strike on May 21
• Prudential Bank depositors' plea

CAPITAL MARKET

• JM Mutual assets grow 121 pc
• US-64: Retiring in style!
• Special margin on 37 scrips