• SAIL to invest Rs.348 crore for expansion, modernization
• Satyam is first global IT company to foray into Nagpur
• Nestle announces 180 per cent second interim dividend
• Maruti recalls 2,000 Versas
• GR Cables to issue one-crore convertible warrants
• Microsoft plans 30 new global innovation centres
• Ion Exchange announces merger of four associate service units

GENERAL

• S&P affirms BB+ long-term rating for India
• Chidambaram introduces Taxation Laws bill
• Bills to amend Chartered and Cost Accountants and Company Secretaries Acts introduced

• Rupee edges up — bonds dip
• RBI to issue new Rs.50, Rs.100 notes
• Centurion Bank of Punjab to expand operations in the North
• RBI: G-Secs auction oversubscribed

MARKETS

• ICICI Bank public issue subscribed 6.5 times
• SEBI suspends Bangalore and Pune brokers in Home Trade share rigging case
• SSI makes open offer for Telephoto shares

INTERNATIONAL

• J&J sticks to 'full and fair value' for Guidant
• NBC to sell soap through Apple's iTunes
• Verizon to phase out defined-benefit pensions for 50,000 employees
• Hotel chain Westin to become smoke free from Jan.1
• Chavez offers heating fuel for the poor in another American State

PEOPLE

• NMDC Director H.R. Subramanya passes away
• Sam Balsara is new President of IAA