COMPANIES

• Ambanis hike stake in Reliance Industries
• Time-Warner, Viacom seek stake in Zee
• Rajus divesting part of stake in refinery
• Ex-GE Cap chief eyes India IT units
• Tata Petrodyne sells stake in oil block
• BSES Telecom to launch internet service
• AI, other airlines oppose BA's reduced fares
• Himachal Futuristic plans exit from Fascel
• NetAcross plans US units
• DGIR objects to non-compete clauses
• C&W may cut stake in Hong Kong unit
• Monsanto changes strategy
• German, UK legal firms to merge

GENERAL

• Inflation crosses 2%
• RBI fixes cap on preference dividend to foreign cos.
• Direct taxes may turn positive
• Tata Finance, Amex to set up NBFC
• Lazard Creditcapital changes name
• MTNL faces reduction in new connections
• New India net falls
• Royal Bank of Scotland also bids for Natwest

CAPITAL MARKET

• Crest Communication plans private placement
• Manulife plans issue
• Steve Ballmer shoots his mouth and the market

PEOPLE

• Dilip Chhabria to design for Ford India
• Udayan Bose to exit forex business
• Gates is second most powerful man in UK
• Pearson CEO on AOL board