COMPANIES

• GEB comes in way of Essar Power sale
• Chase says Essar will have funds end-1999
• GE Capital, Maruti to buy HDFC stake in JV
• International Bestfoods gets takeover finance
• Wipro launches PCs, wants to be No 1
• VSNL Seamless for JVs
• Daewoo to export Matiz to Japan
• Siemens posts profit
• Hero Honda profit up 68%
• ICICI picks up stake in Pantaloon
• New air taxi service planned
• Helix Biotech seeks US approval for 2 products
• Enron plans share swap
• Vodafone to acquire CommNet operations
• NTL in pact with Cable & Wireless to avoid Telewest

GENERAL

• Security procedures for ISPs
• New body to regulate NBFCs
• Nasscom action plan on e-com
• Dooordarshan given DTH clearance
• HDFC loans for consumer items, cars
• IDBI allocation for short-term investments
• Citibank VRS has 190 takers
• Reliance MF seeks nod to raise international funds

CAPITAL MARKET

• Sensex sheds 99 points
• Z group trading from 26 July
• Plantation companies face contempt proceedings
• ICICI to invest in overseas ventures
• UTI retains 6 PSU scrips

PEOPLE

• H-P engages Lucent executive as CEO
• Chaturvedi is I&B secretary