COMPANIES

• Tata Engineering sales rise 28% in June
• BHEL develops thermal spray process to contain silt erosion
• OVL, IOC eye stake in South Ghawar gas field in Saudi
• Shasun slashes average effective cost of term loans to 5%
• Jenson & Nicholson, Judis join hands for restructuring
• General Motors India starts selling Chevrolet Optra
• Computer Sciences Corp plans two more centres in India

GENERAL

• Panel agrees to implement VAT in few months

BANKING AND FINANCE

• GTB gets ISO 9001:2000 certification
• SBH join hands with Maruti
• Coromandel NCDs on AA ratings watch
• Oriental Bank ties up with Infy, Wipro
• Aviva Life Insurance to unveil more unit-linked products
• StanChart joins hands with Vijaya Bank for LCs
• Dena Bank to cut down its NPAs

CAPITAL MARKET

• BSES plants to delist from five bourses
• Novopan to delist from HSE
• Floating rate fund from Kotak MF
• Rupee remains stable

INTERNATIONAL BUSINESS

• US judge okays WorldCom settlement
• Sharp, Texas Instruments tie up
• Alcan starts euro 3.4-billion hostile bid for Pechiney

PEOPLE

• Maruti board inducts four