COMPANIES

• Tata Electric to switch over to LNG
• Ispat to sell 10% stake in Hughes Ispat
• Motorola exits Modicom
• GACL disinvesting stake in port project
• First euro ECB by Alcatel Modi Network
• HP to launch web products in India
• Essar Oil seeks BPCL equity participation
• Indian Oil raises $ 150 billion in overseas market
• Indian Airlines prefer narrow-bodied aircraft
• M&M plans tractor assembly units abroad
• Glaxo introduces Zondan
• Daewoo may be forced to sell brokerage unit
• China Airlines opts for Airbus
• UPI to sell broadcast contracts to AP

GENERAL

• Banks to obtain RBI okay for investment
• RBI considering ED for FMCG sector
• Venture capital fund panel set up by RBI
• FIs plan change in NPA definition
• Kaiga-II to be critical on 25 August
• IDBI plans asset reconstruction company
• Inflation rate falls further

CAPITAL MARKET

• Net inflow of funds into US-64 in July
• Small bourses' existence at stake
• SBI Mutual Fund to have its own marketing wing
• Demat trading poses problem for small investors

PEOPLE

• Ramesh Dalal Indo-American chamber president
• Gupta, logistics manager, Emery Worldwide
• Devani is BA's commercial manager