• ONGC makes huge gas find in the KG basin
• ONGC, Norsk Hydro to explore projects in West Asia, Iran and Cuba
• Access deficit charge: DoT asks TRAI to consult Govt. before deciding
• Govt to shed eight per cent stake in Maruti
• IDC survey: HCL Info, TCS, Infosys emerge as top employers
• Tata Power, DVC sign up for Maithon power project
• Aditya Birla Group's cement despatches up 24.38 per cent
• TVS Motor launches three new 2-wheeler models
• ICICI Venture buys out Ranbaxy's allied chemicals buisness
• Daimler India to launch Actros trucks and new S-class Merc next year

GENERAL

• Indo-Italian trade likely to cross US$5bn in 2005
• Iran-India gas pipeline: Tenders floated for legal, technical advisors
• Fuel and LPG price hike likely next week
• UNCTAD report asks India to focus on manufacturing
• FDI norms relaxed for NRIs
• Indo-US Science and Tech agreement set for signing in Oct.

• Rupee recovers lost ground
• Pension fund regulator proposes restrictions on fund investments
• Syndicate Bank to raise US$75mn through syndicated loans

MARKETS

• Sebi disallows hand delivery bargains on exchanges
• SEBI: SEs to open separate trading window for block deals
• LIC to invest Rs.9,000 crore more in equities this fiscal

• UNCTAD: Wrong to blame China for US deficit
• Oil prices dip as international community pledges release of reserve stocks