COMPANIES

• Cummins India to unveil second VRS at Pune unit
• MUL IPO for 7.22 crore share of Rs 5 each
• L&T ties up $50m IFC loan for revamp
• RPG may sell life sciences arm to Shreya
• ACC Q4 net profit up 12 per cent at Rs 58.72 cr
• Idea goes roaming to boost kitty
• Tata Tele tariffs under Trai lens
• Cellcos told to levy single tariff
• Bajaj Auto April sales down 15 per cent on truckers' stir
• Ashok Leyland 2002-2003 net up 30 per cent to Rs 120 cr
• PACE Soft Silicon to supply multimedia tech to South Korean phone company
• GE Shipping Q4 net profit soars 285 per cent to Rs 93 cr
• Apollo plans to set up genetic diagnostic centre for hospitals
• Flag out option only if tonnage tax is delayed, says GE Shipping
• Apollo board meet to discuss buyback
• RDSO applies for patents to tap world market
• EEL plans Rs 15-cr investment
• TVS Motor motorcycle April sales up 16 per cent

GENERAL

• Rana sets textile export target at $16 billion
• Don't let legal loopholes derail power bill
• Tunisia seeks JVs in oil, gas exploration

BANKING AND FINANCE

• FinMin spots 11 EDs for state-run banks
• Bancassurance to boost Bajaj Allianz retail sector
• Union Bank cuts PLR by 25 bps
• Singhania to hold brief for co-op bank victims
• SBI staff union defers token strike on May 5
• Amway, ICICI Bank tie up for credit card
• Govt set on buyback to trim debt burden
• RRBs under Canara post 16-pc growth
• Bank director denied bail

CAPITAL MARKET

• New method to compensate fund CEOs
• Calcutta Stock Exchange spots CSTAR misuse
• Bharat Forge gains on number hopes
• Refinery stocks ride on good KRL results
• Trading remains lacklustre at NSE derivatives
• Rupee steady; G-secs fall

INTERNATIONAL BUSINESS

• SARS hits credit card spending by 20 per cent in Malaysia: HSBC Bank
• Wall Street to ship research jobs to India
• Former Enron execs charged in new indictments
• Wall St firms face lawsuits as investors burn fingers
• Euro scales 4-year high on bleak US outlook