COMPANIES

• Bharti, VSNL to share STD network
• BPCL incurs Rs 1300 LPG loss
• GAIL says Tatas HPL exit after debt recast
• Ranbaxy investing $100 mn to expand capacity
• HLL effects changes in confectionery business
• Cola majors report rising sales
• Sun Pharma gets FDA nod to sell anti-depression drug
• MICO Q1 profit doubles
• Santro prices to be hiked
• Samsung pact with AirTel, Idea for bundling handsets
• AMD plans design centre in Bangalore
• Bharti net profit up
• Siemens' 2Q net up 17 per cent.
• Reliance looks for Rs 9000 crore debt for power project
• Motorola soon to be at second slot in mobile market

GENERAL

• BPO gaining acceptance: Survey
• World Bank champions outsourcing
• Inflation stays at 4.4 per cent.
• Reforms no use in increasing employment says NCAER

BANKING AND FINANCE

• Five banks get autonomy to declare dividends
• NBFCs barred from accepting NRI deposits
• DSP Merrill Lynch to diversify into portfolio management
• Allahabad Bank to spend Rs 300 crore on IT projects
  

MARKETS

• Special margin on 15 scrips
• RBI directive set to hit bank stocks
• Indian counters close higher