COMPANIES

• Govt plans to withdraw Companies Bill
• Private airlines allowed to fly to Sri Lanka
• Indian Rayon net spurts on Indo Gulf deal
• Reliance Jamnagar refinery unit shut down
• Hind Motors plans new models next year
• Bharat Forge bags orders from Ford, DaimlerChrysler
• Sterlite to raise $50 million via FCCB issue
• Timex to replace $10-m term loan with ECB
• Cummins to source K-38 engines from Indian plant
• Vesuvius India net up 38%
• Jindal Stainless eyes $200-m exports

BANKING AND FINANCE

• IOB Q2 net up 75% to Rs 154.62 crore
• Corporation Bank to finance Hero Cycles, DeLaval products
• Tata AIG to offer financial planning course for agents
• SBI signs agreement with New India Assurance
• BoB opens first offshore banking unit in Mumbai

MARKETS

• Strong fund buying benefits Voltas scrip
• SDG Soft system for Philippines SEC
• Rupee a bit higher