COMPANIES

• Arvind Mills plans spin-off
• BPL Telecom to lay cables along tracks
• Navneet transfers 3 brands to listed company
• Monsanto to bring rice bran oil to India
• IOC shareholders give nod for buyback
• Tata group to get Rs 21 crore in IBM divestment
• Skoda plans entry next year
• Plea to block exit of Kirloskar from KIFL
• NTPC order to Bhel stayed
• Kodak eyes software sector
• Distributor sues Thomson
• Modicare to have own cosmetics brands
• McDonald's offers ESOP
• Hilton, Promus plan merger
• IBM plans network chips
• Thomas Cook plans image build-up
• Iridium hires restructuring specialists

GENERAL

• New passenger cars may be allowed for import
• Citibank widens customer access to accounts
• Government may recapitalise Indian Bank
• Exim Bank to finance R&D
• JV for gold assaying
• Corporation Bank to study customer satifsfaction

CAPITAL MARKET

• Sensex shies away from 5000-mark
• CSE toughens up
• MFs allowed to invest in GDRs, ADRs
• IT, Pharma stocks to be included in rolling settlement
• UTI’s outflow for 2 months at Rs 800 crore
• NSE for additional settlement cycle
• MTNL to float bonds
• Mutual fund: changing faces at the top?
• Stock exchange brokers punished
• Konkan Railway garners Rs 314 crore, GE Shipping  Rs 30 crore

PEOPLE

• S.K. Gupta to be VSNL head
• Zarir J. Cama is HSBC head
• Kavarana to be chairman of Tata Infotech
• B.K. Modi quits Xerox Modicorp