COMPANIES

• HP, Intel, MS to form pact to target e-gov in Apac
• AirTel, Hutch offer C2C STD at 50p for Rs 50
• FACT resumes operations
• VSNL net profit drops 44.6 per cent
• FTV plans new pay channel
• Dishnet ties up with Tata TeleServices
• Zicom launches biometric readers
• Mirc announces 1:1 bonus
• Serum Institute to launch DPT, Hepatitis B vaccines by year-end
• HPL, GAIL kick off product sharing pact — First consignment despatched
• L&T net rises to Rs 433 cr
• Arvind Mills net rises to Rs 129 crore
• Nicholas Piramal, FHLR end agreement in mutual consent
• Tisco net jumps to Rs 1,012 cr

GENERAL

• EU parliamentarians form India caucus
• J&K gets Rs 2,500cr & Rs 500cr for Nagaland

BANKING AND FINANCE

• Bank Of Maharashtra net rises 53 per cent in ’03
• Public sector banks race ahead with automation in Kerala
• Pension scheme not for pvt insurance cos
• Treasury gains: PSBs do an encore
• SBT net up 41 per cent; to pay 50 pc
• Faster money transfer from Australia now
• ICICI Bank buys auto finance co
• AP: Depositors turn the heat on 3 co-ops
• Lukewarm response to Rs 5,500-cr OMO
• RBI moots pvt recovery agencies under DRTs

CAPITAL MARKET

• Duty cut on set-top boxes boosts broadcasters' stocks
• Old economy stocks push Sensex up
• Backwardation in Tata Steel
• Jain Irrigation perks up on MF buys
• FII buying spree lifts GAIL
• SBI touches all-time high
• Maruti IPO process begins on June 12
• Rupee slips further; gilts fall

INTERNATIONAL BUSINESS

• CII mission in Kuwait to explore business opportunities

PEOPLE

• Ninu Khanna tipped to head Britannia