COMPANIES

• IL&FS merges its road firms
• Nestle gets FIPB assent to sell pet food thru Excelcia
• MSEB issues contempt notice against DPC
• Mallya to drop case against Jumbo group
• Shipping firms' net soars 133 per cent
• Cadbury gets over worm controversy
• IOC to scale up retail outlets for branded fuel
• LGEIL plans 3rd unit in Gujarat
• Tatas' release JRD comics as part of centenary celebrations
• ESPN, Hathway resolve differences
  

GENERAL

• Tax collections higher by 20.25 pc in April-May
• IHT fallout: foreign papers banned
• Cheap Indian AIDS pill performs a well as expensive brands
• Inflation rate declines marginally to 5.87 per cent
• India faces shortage of IT professionals
  

BANKING AND FINANCE

• Principal AMC enters alliance with PNB, Vijaya Bank
• ADB increase rural disbursements
• ICICI Bank plans aggressive growth in retail banking
• LIC ups equity stake in ICICI Bank
• Centurion Bank to release Rs91 crore rights issue
  

MARKETS

• SEBI fails to implement UIN comprehensively
• Trading volume downs on budget fears
• Government's rural thrust helps ITC scrip
• HLL lower after being downgraded
• IFCI gains on merger possibility with PNB
• Sebi plans paperless office
• Markets end flat

INTERNATIONAL BUSINESS

• Norwest ties up Satyam

PEOPLE

• Infosys' Europe head joins iGate
• Shanker Annaswamy is MD IBM India