COMPANIES

• Essar defaults, to present plan to noteholders
• Madras Refineries in marketing tie-up with BPCL
• Sell off MSTC, Sponge Iron, government told
• Petronet, Kannur project ink MoU
• Telco takes on defaulting dealers
• Canara Bank moves BIFR in ABCL case
• CMC to restructure
• Zodiac to acquire textile units
• Mallya firm for Johannesburg bourse listing
• Foodworld to have outlet in Pune
• Escorts to export tractors to Europe
• Hella hikes stake in Indian JV
• Dynamix, Hirananandani part ways
• Microsoft to trade off Sidewalk for stake
• New product for internet banking
• AOL for free internet service
• Elf launches counter bid on TotalFina
• Global Crossing, Qwest end takeover war
• Fuji Heavy in talks with Ford, GM

GENERAL

• Government rejects president's advise
• Telecom companies still unhappy, plan litigation
• IDBI plans Rs 250 cr investment in US-64
• FIPB approves 28 proposals
• Uco Bank's special settlement scheme
• Bank of India reduces deposit rates
• Dabhol charges Rs 4.95 per unit
• IDBI, Sidbi reduce refinance rates

CAPITAL MARKET

• IT stocks gain in intense activity
• Zee plans stock split
• Sebi debars 70 directors
• Graduation minimum for brokers
• New derivative instrument
• Sebi framing norms for internet trading
• Depository downs custody charges
• Non-bank firms to borrow from money market

PEOPLE

• Piyush Mankad is finance secretary
• Dilip Modi chairman of Modi Telstra