COMPANIES

• ONGC clocks record profit at Rs 10,529 cr
• CDC to re-enter domestic mid-size company segment
• ONGC keen on HPCL stake in MRPL
• Alstom projects posts Rs 65 cr net
• Reva Electric set to roll out 15-seater mini-bus in Bangalore
• Ranbaxy receives FDA nod to sell Isotretinoin 30 mg capsules
• Yamaha (I) soft-pedals on new models, plans upgrades instead
• NTPC to focus more on hydro power
• Punj Lloyd achieves financial closure for Gail project
• Link Locks to upgrade facility for export plan
• SkyCargo plans services to Moscow
• Tata Engg may get new name
• Acquisition of duplex board mill at Coimbatore — ITC begins fresh talks with BILT
• HMT, State Bank of Mysore ink pact
• STAR opens office in Dubai Media City
• Bajaj Auto launches overseas arm in Dubai
• Shareholders okay Parry's financial recast

GENERAL

• Maharashtra eyes 7.4 per cent growth during 10th plan
• Sugar exporters eyeing more overseas markets
• Software cos can thrive amidst MNCs, local firms, says survey

BANKING AND FINANCE

• KMBL to set up ARC
• Kotak Mahindra Bank Q4 net at Rs 10 crore; to give 21 per cent
• ICICI Bank bags US magazine award
• HDFC to focus on secondary cities
• No plan to offload equity in non-life insurance cos
• Lok Adalat settles 390 bank cases in TN
• India’s consolidated debt to surge: Icra

CAPITAL MARKET

• SEBI's note to MFs on mergers
• Monsoon hopes lift Tata Chem
• Indian Rayon gains on funds' support
• Select PSU banks back on buy-list
• Automotive Axles up on order talk
• Sustained buying props up Vesuvius
• HPCL: Outlook positive, buy July 330 calls
• Rupee loses 13 paise; securities lacklustre

INTERNATIONAL BUSINESS

• Australia sees post-SARS travel business recovery
• Vivendi sifts bids for US media empire
• BA rejects Virgin's offer, says Concorde won't fly
• No plans to make phones in India: Nokia

PEOPLE

• New GM for Corpn Bank
• Panel formed to identify new chief for IDBI