• Raymond outbids buyers at Melbourne wool sale
• SAIL clears Rs.675 crore for investments
• Becton and Hind Latex tie-up for disposable syringes
• Capco sets up service delivery centre in Bangalore
• O2 launches Xda series PDA phones
• Geometric to acquire US company
• Mascon board approves GDR draft
• English channel for South Asian viewers
  

BANKING AND FINANCE

• Rupee up eleven paise
• RBI sets priority sector tag for Nabard bonds only
• PNB picks up 3.7 percent stake in Surana Telecom
  

MARKETS

• US airplanes may offer net access by 2006

PEOPLE

• P.K. Gupta takes over as CMD at National Housing
• Arvind Uppal is Whirlpool of India's MD
• Sinha takes over as MD at BHPV