COMPANIES

• SWC chalks out 3-year growth strategy to promote its brands
• Kronotex Fussoboden sets up 100 per cent Indian subsidiary
• Welspun-Gujarat to prepay IFCI loan
• DPC lenders mull asset, equity sale
• Sandvik Asia gearing up to bid for core projects
• Bank account of Nicco Park attached over tax dues
• US Power majors to divest stake in Neyveli Project
• SCI Q4 net zooms 309 per cent to Rs 127 cr
• Shriram group to invest Rs 60 cr in wind power
• Tata Steel to explore exports of Steelium
• ICSI meet to discuss Cos Bill
• Greaves to divest 23.67 pc stake in Crompton
• Madras Fertilizer submits recast plan to govt
• Saregama board approves new recast scheme
• HPCL due diligence may begin in Aug
• US Parent to buy Glibenclamide from Aventis Pharma’s Ankleshwar unit
• Rabo arranges $10-m ECB for BILT Graphics
• Coates to set up graphic arts unit
• ITC enters into pact to offer vocational training to villagers
• Glenmark Inc ties up with Lannett
• Eveready gets health & safety certification
• Assam Carbon plans expansion
• Leyland to enter auto parts sector
• Reliance Info targets land-line users with fixed wireless phone

GENERAL

• Certification must for old machinery imports

BANKING AND FINANCE

• IndusInd bank net up 41 per cent
• LIC plans to meet solvency margin needs by March next
• DFC chief for more thrust to city governance
• Pvt banks eye building tools for deploying flush funds
• Bankers discuss ways to boost credit flow
• StanChart plans private equity deals in healthcare
• PSB investments in gilts up 22 pc
• UTI Bank plans Rs 100-cr bonds
• Film industry yet to warm up to insurance
• Aviva launches `LifeShield'

CAPITAL MARKET

• Rupee hardens; gilts rise

INTERNATIONAL BUSINESS

• Australia reviving plan to sell Telstra
• US Fed cuts rates by a quarter percentage point
• Job cuts at Comedy Central
• Enron barred from selling electricity in US

PEOPLE

• SAIL gets new personnel director