COMPANIES

• RIL obtains clearance for Dibrugarh petrochem plant
• Reva developing high-end battery technology
• Zenovus will be merged with Dr Reddy's Labs
• Rane brake unveils asbestos-free clutch discs
• VSNL buys out international IP-VPN service provider
• OSIC to bring out bond issue for high-cost debt swap
• Zodiac Clothing to pay 50% dividend
• BEL wins Tamil Nadu police order
• Reliance increases product prices
• Oberoi terminates tie-up with Jass Hotel
• Neuland ships ciprofloxacin to US
• Corolla, Qualis will cost more
• Century Plywoods to venture into laminate market
• Hero Honda sales go up 15% in June 2003
• Bajaj Auto two-wheeler sales down 7.5% in Q1
• GAIL signs inks pact with PY-1 Consortium
• Indal plans to expand Hirakud smelter
• India Cements loss increases to Rs 201 crore
  

GENERAL

• Bulk drug import licensing scrapped
• Britain assures of more BPO orders to India
• IRFC gets Rs 23,874 from Railways for rolling stocks

BANKING AND FINANCE

• Rupee gains, gilts rise
• NHB registers 164% growth in refinance disbursements
• Syndicate Bank campaigns in Dakshina Kannada
• IndusInd Bank ventures into gold trading
• IOB adds Rs 800-crore fresh advances in two months
• Fall in interest rates fails to stop growth in bank credit
• StanChart securitises a portion of car loan portfolio
• Oscar Investment's debenture is 'high safety': ICRA
• ARCIL may behin operations in mid-July
• Karur Vysya Bank view for Rs 100-cr refinance window from NHB
• Vajpayee to launch LIC’s Varishtha on 14 July

CAPITAL MARKET

• SAW pipes companies' shares gain on good order position
• BSE, regional stock exchanges plan alliance
• Sundaram Select Mid Cap announces Rs 2.50 dividend
• Principal Mutual Fund to purchase Sun F&C
• i-flex board says yes to 1:1 bonus issue
• Indian Rayon stock touches five-year high

INTERNATIONAL BUSINESS

• Honda's son arrested for tax evasion
• Verizon say it will take about $3 billion in charges
• MGM, Paramount in race for Vivendi's Universal sale
• HMV profits rise after Harry Potter book launch
• Swissair to cut down flab for survival

PEOPLE

• O&M’s Ranjan Kapur to retire in January 2004