• ONGC imbroglio: Dept. of Public Enterprises upholds Raha's contention
• Govt. mulls exit from Tide Water Oil and Maruti
• Tata Tele and Telcordia ink first major transformation deal in India
• Govt. accepts six bids for reconstruction of Delhi and Mumbai airports
• TCS to make major Latin American acquisition this year
• India Inc. eyes $US5bn from CER sales in seven years
• Birlasoft to invest US$20mn in expansion plans
• Skoda launches Combi with two variants

GENERAL

• PM meets global CEOs — says India will slash tariffs to Asean levels
• Chidambaram: Centre to switch over to accrual-based accounting system
• Chidambaram: Inflation rate 'moderate'
• TRAI asks for national plan for digitisation of cable TV

• Rupee range bound - securities up
• RBI: T-bills auction fully subscribed
• Finance Ministry eases GDR norms

MARKETS

• Sebi to increase time gap for board meetings to four months
• Sebi clears futures trading by mutual funds

• Baidu shares tumble as analysts doubt its current valuation
• Wal-Mart faces lawsuit over sweat-shop operations overseas