COMPANIES

• GNFC to invest Rs 200 cr in industrial chemicals business
• Centre okays NTPC’s Rs 5,500cr Khalgaon extension project
• HLL reworking mkting strategy for Surf Excel
• L&T, M&M, Max Airospace, Ramoss to get licences for defence production
• Hero Honda unveils 223-cc Karizma
• ONGC receives its first consignment of equity oil from Sudan venture
• GTL calls off plan for Redington acquisition
• Bhilai plant develops steel for warships
• Morepen extends fiscal year by six months
• i-flex unit CEO discharged by London court
• IVRCL defers GDR issue
• SEBI steps in to resolve Birlas-Kennametal issue
• Trai plans mega revamp in telecom tariff structure
• Orchid Chem to launch two products from Chinese jt venture
• Astra Microwave to set up third plant in Hyderabad
• Promoters up holding in Apollo Tyres
• GM rolls out premium hatch-back Corsa
• Surana Tele eyes new lines — Talks on with Singapore co for entertainment, tourism
• Shareholders consider Kesoram merger
• Linux charged with copying Unix code

GENERAL

• Textile ministry raises garment export target by $150 million to $6.25 billion

BANKING AND FINANCE

• LVB to up tier-II capital by Rs 50 cr
• Syndicate Bank net up 37 per cent, to pay 15 per cent dividend
• Oriental Bank revises interest rates, margins on SSI advances
• Andhra Bank cuts deposit rates
• `AAA' rating for Tata Sons' Rs 75-cr NCD issue

CAPITAL MARKET

• Nirma bucks FMCG slide, jumps 27 per cent in a fortnight
• Central Listing Authority soon
• Singapore Govt takes 3 per cent stake in Divi's Lab
• SBI back on FIs' buy list
• GAIL shares hit new top
• Investing ECB money in MF debt plans

INTERNATIONAL BUSINESS

• Czech Republic pays US multimillionaire $354 mn
• UK to unveil verdict on euro on June 9
• IBM CEO says technology demand stable
• Intel ships Pentium chips from China
• Jalan rules out possibility of further interest rate cut

PEOPLE

• New Senior V-P for Amex service network