COMPANIES

• M&M to expand product portfolio
• Ranbaxy plans to set up R&D facility in North America
• HMSI, Maruti Plan To Source Technicians From Kerala ITIs
• HC asks Tata Power, BSES to share SC arrears equally
• MERC asks TPC to file bulk tariff proposal within a month
• UMS group develops micro-turbine
• GAIL, IOC in race for Haldia Petro
• ONGC in service pact with HAL
• RINL concerned over short supply of iron ore
• Honda Siel midsize car sales up 45 pc in May
• PFC set for Nagarjuna Project finance
• Morepen sees fillip to US distribution
• Electrolux Kelvinator faces another litigation
• Jindal Iron to operate CR unit of Jindal Steel
• Indo Rama's Butibori plant resumes full operations
• Efforts on to increase India presence on AstraZeneca radar

GENERAL

• 12 per cent growth possible
• Bengal to revise incentive scheme

BANKING AND FINANCE

• State Bank completes networking 1,600 ATMs
• HC stays DRT order attaching Maharashtra govt assets, A/cs
• DRT recoveries rise by 51 pc
• Birla Sun Life eyes 165 per cent growth in first premium income in ’03-04
  
• RBI to internally adopt new repo a/c norms

CAPITAL MARKET

• Backwardation in Nifty futures
• HDFC hardens; hits intra-day high again
• Bank stocks post mild recovery on bourses
• IOC on buy list ahead of results
• Ray Ban gains on speculation
• Federal Bank up on takeover talk
• SEBI puts onus on AMC chief for MF risk management
• Rupee up 18 paise; gilts rally

INTERNATIONAL BUSINESS

• US lobbyists fighting against outsourcing

PEOPLE

• Venu Srinivasan among Business Week stars of Asia
• Kiran Chhabria likely to join Shaw Wallace Breweries board