COMPANIES

• Tata Steel out of Stewarts & Lloyds
• Essar Oil to raise $207 million
• Wockhardt gets USFDA approval for six units
• Maruti launches new Esteem
• Customised Nokia handsets for Airtel
• VSNL and FLAG arrive at settlement
• Sony launches Animax TV
  

GENERAL

• Railway Budget: No hikes
• HRD Ministry to focus on education for minorities
• CMP does provide room for reform: Montek
  

BANKING AND FINANCE

• Rupee up 5 paise
• Forex reserves cover imports for 17 months
  

MARKETS

• July 5 - Sensex down 27 points: Pre-budget jitters
• UTI MF takes over ten IL&FS MF schemes

PEOPLE

• Dr Kotaiah quits GTB board
• Rajinder Kumar takes over as Ranbaxy's R&D head
• Central Bank transfers