COMPANIES

• Reliance Energy to buy back shares

• Tube Investments: Bonus and 100 per cent dividend

• Sierra Atlantic establishes testing laboratory

• Oracle upgrades Student System

• Hind Lever launches Max Treasure Hunt

• Tourism Malaysia and Myanmar Air extend package
  

GENERAL

• New petroleum price mechanism by June 15
• Net direct tax collections shoot up in April-May
• Thai Minister emphasises need for FTA
• West Bengal: Reform or Perish
  

BANKING AND FINANCE

• Rupee breaks through 45 marker
• RBI approval necessary for NBFC-bank mergers
• IRDA pulls the plug on bonus practices
• IOB's net based remittance scheme
  

MARKETS

• Sensex in drift mode
• Stock Exchange delistings
• Tatas to launch Floater Fund

INTERNATIONAL BUSINESS

• IMF: India must aim for higher growth rates

PEOPLE

• Shobha Majumdar takes over at CBDT
• Pepsi India's marketing head resigns
• Coca-Cola President Heyer to step down
• Chattopadhyaya is new GM at SBT
• Ramanathan Kannan to take over at IFMR