• Gartner: Domestic IT spending to cross US$54bn by 2008
• Ratan Tata: Tata Group to be a good corporate citizen around the world
• Tata Steel and Nippon Steel sign MoU for Orissa plant
• Tatas looking at sustained growth in overseas business
• First indigenously developed optical fibre amplifier launched
• IDEB Construction and Chinese construction major sign MoU for domestic projects
• Jaquar sets turnover target of Rs.350 crore
• Hutchison Max to be renamed Hutchison Essar
• Airtel boosts capacity in Mumbai with additional switch

GENERAL

• Finance Ministry clears Fringe Benefit Tax confusions
• Management convention: India must realign strategies to be globally competitive
• FICCI: Three stage reforms can make manufacturing sector competitive
• UK-based auto companies looking at India to lower costs
• RBI: Farm GDP growth declines to 1.1 per cent

• Rupee down 20 paise- securities bearish
• RBI: Sheltered domestic oil prices to add to fiscal burden
• RBI suggests rationalizing of import tariffs at 10 per cent
• RBI's domestic income falls - earns more globally

MARKETS

• Sebi puts C&D schemes of bourses on the fast track
• Edelweiss Cap raises US$35mn for investments in domestic markets
• UTI Banking Sector Fund declares 25 per cent dividend
• Jubilant Organosys AGM clears share allotment to General Atlantic

• Satellite operator Intelsat to buy PanAmSat