COMPANIES

• GAIL to garner Rs 183 crore through LPG subsidy
• HLL estimates TOMCO merger duty at Rs 6 crore
• Krishna-Godavari: RIL sticks to its estimates
• Torrent Pharma to open an office in Germany
• Sun-n-Sand, Tata Indicom join hands for WiFi
• BIFR nod for Vajra Granites' revival scheme
• Asahi plans third plant in Tamil Nadu
• US state cancels TCS contract: Report
• ONGC will not sell crude oil to private refiners
• Reliance Infocomm offers global SMS at Rs 2
  

GENERAL

• Government plans to amend Competition Act
• Centre final nod to 74% FDI in private sector banks

BANKING AND FINANCE

• Corporates approach LIC to manage funds
• Karvy opens more branches in Andhra
• ADB okays $400-million loan for rural road project
• RBI: High liquidity, low inflation may not continue
• India must use forex reserves to retire high-cost debt: SBI
  

MARKETS

• Sensex rises 67 points
• Activity hogs limelight in December contracts
• UTI MF revamp portfolio benefits from midcap rally
• Rupee closes 20 paise lower

PEOPLE

• Ranjana Kumar to head Nabard for two years