COMPANIES

• Maharashtra Scooters for sale: Bajaj for arbitration
• Quark to invest Rs 500 crore in Punjab
• Widia India posts Rs 277-crore sales
• CDC Capital Partners bags bid for Punjab Tractors
• Touchtel slashes ISD rates by 33%
• Radisson on a reconstruction mode
• Antares Systems takes CommerceOne arm to court
• Vimta Labs opens third lab in AP
• Bharat Hotels eyes Kerala project
• GE Shipping to invest Rs 1,500 crore in new fleet
• ITC operating profit up by 8.3%
• RIL offers VRS for employees of Naroda plant
• Blue Star net profit up 21% to Rs 5 crore

GENERAL

• Online sugar trading starts
• Trade agreements with Latin America under way

BANKING AND FINANCE

• Exim Bank extends line of credit to Djibouti bank
• South Indian Bank bond issue fully subscribed
• Union Bank launches multi gains scheme in Coimbatore
• UBI proposes fast-track for SSI, farm credit
• Syndicate Bank to distribute Allianz Bajaj Life products
• Tata AIG declares 4% bonus
• Five PSBs to share ATMs
• HDFC Group to follow Standard Life investment policy
• ICICI Bank Q1 net profit up 34%
• Canara Bank starts net banking

CAPITAL MARKET

• Stake sale rumours pep up UTI Bank
• Transgene gains over 500% due to products launch
• JM Mutual Fund plans expansion
• Chola MI 98 will be an open-ended plan
• Rupee gains again

INTERNATIONAL BUSINESS

• Volkswagen posts drop in profit
• BA, union strike talks drag on
• Goldman Sachs to reloate UK jobs to India