COMPANIES

• Ranbaxy gets tentative USFDA nod for cholestrol drug
• Chevy Spark to be launched in 2005
• Volvo India to reach operational break-even in '04
• Bhel posts a 26 percent increase in orders
• HLL reduces shampoo packs, prices
• M&M net up 139 percent
• Wipro is top Indian outsourcing vendor in US
• TV Today to tap Indian Diaspora
• Motorola's to develop mobile handsets at India software centre

GENERAL

• India to buy Iran LNG for $800 mn a year
• Proposal to tax core services to be withdrawn
• IIMs told to fix uniform fee structure
• Trai to review spectrum allocation
• Subsidies on LPG, kerosene to stay for two years
• M Damodaran to continue as IDBI CMD
• Supreme Court says double taxation avoidance agreements valid

BANKING AND FINANCE

• Vijaya Bank plans foray in UK, UAE, China
• Sundaram Finance net up at Rs 56 crore
• Autosoft tool for banks
• OSS reports compulsory for UCBs
  

MARKETS

• LLA rating for Bharti Tele NCD
• IT scrips the silver lining in stock market
• Stocks underperform on BSE
• Asiamoney award for ICICI Securities

INTERNATIONAL BUSINESS

• OPEC fails to reach consensus output rise

PEOPLE

• Damodaran appointed IDBI CMD for 3 yrs