• InStep with Infosys
• HCL Tech in a joint venture with NEC
• Reliance slashes all product prices except LAB
• Cummins to demerge services wing
• L&T bags Rs.278 crore order

• Basu warns against fuel price hike
• Inflation falls to 5.38 per cent
• Oil & Gas: Aiyar leaves on three nation tour
• London commerce chamber offers global courses
• Random House to start publishing operations in India

BANKING AND FINANCE

• IDBI dilutes stake in NFCL
• Electrosteel Castings to raise Rs.225 crore
• HDFC MFs sell 2.3 per cent stake in Century Textiles