COMPANIES

• Zee buys Star stake in 3 JVs
• Reliance stake in RPL to go up
• Booz, Allen & Hamilton to advise Godrej Soaps
• ITC plans Rs 1500 cr investment in hotels
• Nescafe prices to be lowered
• Andersen advises Philips Carbon on cost cutting
• Dr Reddy's looking at M&A
• Hyundai to sell 50,000 Santros by October
• Volkswagen plans Indian unit
• FIs to sell stake in Modi Rubber
• Christian Dior watches, writing instruments in India
• Thapar group breaks up with El Passo
• Indian Oil to invest in Petronas project
• Gulf Oil to export lubes to Bangladesh
• Association to oppose Pfizer proposal
• Wipro Net plans expansion
• Microsoft plans to put Office on web
• EarthLink, MindSpring merge
• NEC, Mitsubishi form monitor JV
• Ripplewood may get Jap bank
• AOL, Musicmaker in pact

GENERAL

• Rupee under pressure
• HSBC network in India set to rise
• Hermes withdrawing insurance cover
• New govt. paper at 12.32%
• ICICI plans another Safety Bonds issue
• SBI Caps to be Syndicate Bank’s issue lead manager
• State Bank of Mysore to lower NPAs
• Output-linked wages for insurance staff
• AMP bids for GIO
• Nippon Life, Sakura to tie-up

CAPITAL MARKET

• Stocks marginally up
• NSE to set foot into IT
• GAIL GDR issue
• MSE yet to permit trading in Polaris scrip
• UTI fixes 11% return for MIP (II)
• CMS plans public issue
• FIIs frown upon Sebi move
• UTI to float venture capital fund
• VSNL issue oversubscribed

PEOPLE

• Palany to head Sundaram's home finance unit
• Intuit CEO Bill Harris resigns
• DaimlerChrysler axes Stallkamp