COMPANIES

• SC issues notice to Govt on sale of HPCL, BPCL
• Deloitte Haskins & Sells report on modernising trucking soon
• Grundig AG files for bankruptcy
• Mitsui Sumitomo picks up 26 per cent in CGCIL
• Reliance unveils new lines of acrylic fibres
• Jindal Strips plans second- hand equipment imports
• Plaza Cables to set up two units in Himachal
• Murugappa group's TIAM House for sale
• Murugappa group plans production base in China
• Bio-technology incubation centre set up in Pune
• Jisco poised to end fiscal in profit

INTERNATIONAL BUSINESS

• Bank of America Q1 profits rise 11per cent
• FTC clears pharmacia deal, says Pfizer
• Samsung to reduce reliance on Qualcomm chips: report
• WorldCom plans rejig with new name, new CFO

GENERAL

• Special WTO symposium for govts, NGOs, media in June
• Coal ministry to set up washeries with pvt cos
• CII roundtable on WTO strategies

BANKING AND FINANCE

• Re-fixing of commissions — Brokers upset over IRDA fiat
• Murugappa group to get Rs 33 cr from Mitsui
• ICICI Bank withdrawals overshoot by Rs 150 cr
• Syndicate to drop StanChart — Plans tie-up with Visa for own cards
• Banks urged to improve priority sector lending
• IFCI to be split into two — Plan entails segregating good and bad assets