COMPANIES

• HCL Infosys acquires Singapore company
• Hazira contract for Shell-Essar
• Govt to give up control of 24 PSUs
• Philips staff plans review petition
• Bechtel to advise Gujarat govt in gas grid
• British Borneo plans exit
• Doshis told to sell land to pay dues
• Indo Gulf plan for jetty not approved
• Cisco, IBM to work together on net software
• Nissan plans massive job cut
• Mattel seen as takeover target
• NiSource hikes offer for Columbia
• NEC gets Nintendo game chip order

GENERAL

• Banking sector reforms being initiated
• Government to cut holding in MTNL by 3.02%
• IDBI to lower stake in CARE
• HSBC, Royal & Sun to set up call centres
• HypoVerein, Dresdner may merge

CAPITAL MARKET

• Marginal recovery in the market
• New depository transfer model
• Sebi wants UTI to register as a MF
• IPO norms for infotech cos altered
• IFCI issues bonds
• Sun F&C to launch balanced fund

PEOPLE

• Divestment panel chief resigns
• Ashok Lahiri resigns from IDBI
• Cholamandalam AMC CEO resigns