• S&P: Cash outgo in settlement deal may adversely affect RIL
• Ratan Tata: Tata group planning huge investments in Karnataka
• Yamaha launches the Fazer - to pump in Rs.200 crore over three years
• BSNL reduces DataOne installation charges
• Tata Steel to pick up IFC loan of $300mn
• Satyam and Australian varsity sign up for research and internship program
• Bajaj Auto launches its cruiser bike 'Avenger'
• US company F5 Networks to launch in India
• Faze Three bags order from US retailer Target
• Kanbay Intl. to set up global training centre in Pune
• Corporate Results: NIIT

• SC directs Centre to file affidavit on Bihar assembly dissolution
• Inflation dips to two-month low of 5.2 per cent
• IIP at 8.8 per cent in April 2005
• Biotech sector revenues surpass $1bn in 2004-05
• India apparel exports to US to triple to $6bn this fiscal
• India slaps dumping duty on rubber imports from EU and Brazil
• ORG-IMS: Indian pharma to grow 8-11 per cent
  

BANKING AND FINANCE

• Successful closure for RIL's $350mn term loan facility
• Provogue IPO subscribed 8.1 times
• Bharti Tele issues 1.25 lakh shares to SCIPL
• Wockhardt subsidiary Carol Info to buy-back shares
• Sujana Industries to raise $20mn from overseas
• M&M board to consider bonus issue on June 14

INTERNATIONAL BUSINESS