COMPANIES

• ONGC starts drilling 46th well in Bengal basin
• ONGC comfort letter to MRPL for funds
• Exide to venture into rural electrification
• Tentative nod for Ranbaxy cholesterol drug
• Wockhardt gets USFDA approval for bethanechol
• HPCL, ONGC ink MoU for crude supply

GENERAL

• First quarter GDP posts growth rate of 5.7%

BANKING AND FINANCE

• UBI signs agreement with tractor-makers
• SIB plans more branches with ATM facility
• SBI cuts housing, auto loan rates
• New India sets premium target of Rs 4,100 crore
• Bajaj Allianz eyes Rs 400-crore premium income
• ICICI Bank set to woo RIB holders
• UBI to join hands with Myanmar bank

MARKETS

• Hatsun Agro delists from two bourses
• Sensex: ONGC, Wipro not to have higher weightage
• BHEL improves on NTPC order talk
• Invest through website: the Birla Sun Life way
• Reliance gains due to talks on telecom biz improving