COMPANIES

• Alpha Drugs being referred to BIFR
• Rollatainers plans expansion
• Hindustan Petroleum bonus issue
• Rolls Royce sets up Indian unit
• Accor to launch social welfare solutions
• Indica is Euro II compliant
• Sun Pharma file drug applications in US
• Reliance, Taib Bank take stake in Logix
• Iridium India promoters worried
• Ruias to sell stake in Essar Mineral to NDMC
• Silicon Graphics to supply servers for Net project
• Gujarat Gas sells LPG division
• Owens Corning for price hike
• Chettinad Cement plans buyback
• Ford plans India to be export hub for Ikon
• Goodyear develops process to recycle used tyres
• Michelin to cut down jobs
• P&G plans Physique
• Dell to buy ConvergeNet
• Viacom-CBS merger plan may face hurdles

GENERAL

• Income Tax dept. to clear refund backlog
• Govt. will be forced to hike petrol, diesel prices
• Gilt funds appeal for tax exemption
• Canara Bank will not go public this fiscal
• Solomon Smith Barney plans to end operations in India
• SADF's intiial capital to be $50 million
• Dresdner,BNP may merge

CAPITAL MARKET

• Stock markets show confusion
• UTI's flagship scheme faces capital erosion
• MTNL's October GDR issue
• BSE to enlist risks of short settlement
• ICICI preferential issue subscribed
• Sebi to promote 'investor interests'

PEOPLE

• M.A.M. Muthiah is MD of Chettinad Cement
• Shiavax Vakil passes away