• ONGC to invest Rs.2,300 crore to stem decline in Gujarat fields
• Apollo ties up with Stanford Emergency Medicine
• Sun Pharma acquires US pharma company
• Hearing on RIL-NTPC dispute set for Jan. 30
• Reliance Energy invites bids for power project in Uttar Pradesh
• Ranbaxy in bid for acquisition of Romanian drug company
• VSNL residual stake sale hits block
• New drug policy may prescribe sops for filing patents, clinical trials
• Bajaj Auto offloads 11 per cent in Mukand
• Philips to launch new CTVs in India
  

GENERAL

• Global cos keen on outsourcing more R&D jobs to India: Survey
• Steel ministry opposes captive mining by steel producers
• Centre may take Rs.6,000 crore tax hit
• Prasar Bharati to have a new financial structure
• Centre may dilute stake in miniratnas
• Seamen's PF: NUSI threatens strike
• CCEA clears cost estimate for Tehri transmission system
  

• IOB to merge with Bharat Overseas
• Bank of Baroda looks to fund local cos. in overseas markets
• IMD redemptions likely to tighten liquidity
• Union Bank hikes term deposit rates
• Bank of India gets yen credit line

INTERNATIONAL

• Citigroup hike's stake in Pudong Bank to maximum limit
• Major Wall Street firms invest hundreds of millions in online casinos
• Guild workers enter bid for Knight Ridder sale

PEOPLE

• Saroj K. Poddar is new president of FICCI
• FICCI award for distinguished missile scientist, V.K. Saraswat