COMPANIES

• Hind Lever Q3 net up 60 pc at Rs520-cr
• Bharti enters into $400mn deal with Nokia
• TCS acquires 75 pc stake in Swiss co
• Hind Latex to foray into vaccines
• Rel Comm plans $1.5bn investment

• Prices of 886 drugs cut
• Railways earnings rise over 15 pc in H1
  

• Rupee declines: forwards rise
• Banks allowed to borrow more from overseas branches
• RBI leaves key interest rates untouched, eases restrictions on use of forex reserves
• IDFC net up 35 pc
• Banks given more time to implement Basel II norms
• HSBC infuses $200mn in India operations
• Rural money lending norms under RBI scrutiny

• TTK Healthcare open offer undersubscribed
• ABN AMRO launches multi-manager fund
• Subex Azure plans GDR issue to hike overseas float

• Merck to buyout biotech co in $1.1bn all cash deal
• Emirates cancels orders from Airbus
• Microsoft crackdown on dealers selling counterfeit software

• Raj Jain is Wal-Mart president, CEO designate for Indian operations
• Connecturf appoints Neville Taraporewalla as CEO