COMPANIES

• Shasun Chem to spend Rs 120 cr on R&D in next 3 years
• Sterlite bids successfully for Zambian mine
• Reliance scales down infocomm capex
• Welspun Guj bags Rs 390-cr GAIL order
• Hatsun Agro sets new trend for pvt dairies
• Lanco shuts pig iron plant temporarily
• AEEPL in talks with BSES for carbon trading venture
• Modern Foods cuts losses to Rs 16 crore
• Asian Paints plans bonus issue
• Boards to consider merger of Bayer, CropScience unit
• Nalco to ramp up production to 1,000 tonne a month by Dec
• RIL signs deal with CSIR to develop new technology
• P&O Ports acquires container terminal of Mundra Port
• Maruti, Sumitomo hike stake in JJ Impex to 49 per cent each
• Dabur net up 37 per cent to Rs 91 cr in FY-'03 on 7 per cent rise in sales
• ONGC gets first crude shipment from abroad

GENERAL

• S-W monsoon hits the Andaman coast 10 days in advance

BANKING AND FINANCE

• Bajaj Allianz opens second office in J&K
• OM Kotak to focus new policy only in 6 cities
• NBFCs seek powers under Securitisation Act
• NMC unveils tax-free bonds to execute drainage projects
• S&P may downgrade more debt ratings
• Rural co-op banks may get ADB recap
• Federal Bank posts Rs 105-cr net
• ING Vysya net up 26 per cent; to pay 40 pc
• CashTech implements CashIn for Andhra Bank
• SBI to bundle MFs with insurance

CAPITAL MARKET

• Singapore-based FIIs light up ITC
• ITC contracts active; open interest jumps
• MRPL touches 52-week high

INTERNATIONAL BUSINESS

• US steel industry protests rampant Indian exports
• US charges 135 in dot-cons bust
• Alitalia CEO says airline must merge to survive
• AOL shareholders approve slate of directors
• Reform Europe agenda consensus strong: UK