• Oracle to buy 61 per cent of I-Flex for US$909mn
• Birla and Tata groups buy off Cingular Wireless stake in IDEA
• REL promises power today if rains don't intervene
• Subex bags multi million dollar deal from US
• TCS hires a record 1,100 from campuses in a single day
• Sun Microsystems slots India for major investments
• Jubilant Organosys to issue shares to FIIs

GENERAL

• Morshed, Natwar talks to cover all bilateral issues
• Iran changes position on purchase of LNG by India
• Oil bonds to bail out petro PSUs

• Rupee drifts lower, bond prices rise

MARKETS

• Cnooc drops bid to buy Unocal
• Adidas is said to be close to deal to acquire Reebok