COMPANIES

• Intel cuts Pentium III prices
• Jet plans night flights
• RBI approval for Zee merger plan
• Hughes Network to sell 2% stake in Hughes Escorts
• Crompton to sell Skycell stake
• RPG Lifesciences, Griffin in alliance
• Max Corporation merges with Max India
• Bhuwalka Steel plans Lankan unit
• LG Electronics prepays loan
• Car navigation system found faulty
• India in Philips' thrust areas
• Veba, Viag in talks
• Netscape Online to take on Freeserve

GENERAL

• Foreign funds asked to bring in capital for infrastructure funds
• Cellular usage increases in Mumbai
• FIPB decision on retail trading
• Inflation increases
• SBI Securities to be converted
• Quasi MMMFs to be allowed certain facilities

CAPITAL MARKET

• BSE increases outstanding limit
• B group volumes soar on BSE
• Reliance MF asked to approach finance ministry
• AMFI approaches CBDT for hybrid schemes
• Tata Chemicals issue
• Sebi suggests overseas fund raising norms
• ICICI issue by 1999 end
• NSDL objects to Sebi decision on DP

PEOPLE

• Ravi Vora is CEO of Ahmedabad Electricity
• 2 Indians in Red Herring list
• S.N. Singh to head Philips wing
• NRI to context for London Mayor