COMPANIES

• Wipro first quarter net up 43 per cent
• BSNL, MTNL to retain ISD rates
• Government seeks more clarification from Star
• Shalimar Paints to shift corporate office to Mumbai
• SRF to consider hydro fluorocarbon investment plan
• HLL's Kolkata unit lockout challenged

GENERAL

• BPO jobs expected to grow at 32%
• 'Govt should ease FDI flow to IT sector'-says Narayan Murthy

BANKING AND FINANCE

• Y V Reddy to be new RBI governor
• Rupee at 46.2150/46.2250
• RBI announces minimum discount for buyback of Gilts.
• RBI clamps ceiling on interest rate on NRE deposits
• SBI to expand global Operations
• ICICI Bank to set up office in Dubai
• Karnataka Bank Chairman's term extended
• BoB expects to enter insurance business this year
• Union Bank of India signs pact with M&M Subsidiary

CAPITAL MARKET

• Brisk trading in Bharti Televentures
• Birla VXL members approve delisting
• CSE works out draft demutualisation plan
• Small investors may not be allowed direct access to markets
• SEBI initiative to curb fraudulent bidding in public issues

INTERNATIONAL BUSINESS

• Nasdaq falls 50 points; Dow falls 44
• Overture would owe Yahoo on merger breakup
• Xbox salees rise, Microsoft sees market share gain
• China's Q2 GDP grows 6.7%