COMPANIES

• SC okays Parke-Davis, Pfizer merger
• BHEL in alliance with Exim Bank
• Mallya may make counter offer on Herbertsons issue
• Toyota-Kirloskar to up production cost by 50%
• Infosys plans to add 2,000 engineers for telecom division
• US firm to hawk JB Chemicals' Ciprofloxacin
• Mega global plans for Taj Hotels; to enter spa services
• Tata Tea plans US expansion with Tetley

GENERAL

• Cancun: Unbundling of Singapore Issues cleared

BANKING AND FINANCE

• Y V Reddy takes charge as new RBI governor
• Trickle-down effect for bank credit
• SBI plan to tap RIB outflows
• Home finance raises $20 million

MARKETS

• Sensex up 28 points at 4462
• Divus Laboratories launched in Delhi
• BSE calls for 10-25% special margin on 113 stocks
• Funds go slow as RIBs' maturity nears

PEOPLE

• People on the move at StanChart; Agrawal becomes COO