COMPANIES

• Hoechst to introduce new anti-bacterial drug
• Lafarge takes over Tisco cement unit
• Maruti to up car prices
• M&M plans second call for FCCBs
• Skoda to divest 10% stake in Indian arm
• Principal Pharma plans sourcing deals
• Accel to restructure operations
• Origin India gets SEI-CMM Level IV
• Sahara gives up TV Mauritius stake plan
• Iridium, BPL launch global roaming service
• BSES, Gail propose power complex in Delhi
• Volvo, Mazda proposals get okay
• SAP to price MySAP.com differently
• Foster’s buys Seagram assets
• Creditors to buy stake in Daewoo company

GENERAL

• Trai appeal dismissed
• Exports grow at 12%
• Internet connection in each district
• HDFC’s MF venture
• Syndicate Bank issue oversubscribed
• Gilt trade regulations relaxed
• Banks closed on 1 Y2K
• Bangalore IT exhibition begins
• Pondy unveils IT park
• IL&FS scheme gathers Rs.125 crore
• ABN Amro gets ‘AAA’
• Allianz takes majority stake in Pimco

CAPITAL MARKET

• Stock markets down sharply
• NSE may ask clients also to bear margins
• UTI at the top in terms of mobilisation
• Badla in rolling settlement to be studied
• CMC to raise Rs.500 crore

PEOPLE

• Vikram Kaushik joins Colgate
• Harshad Mehta gets stay
• Daewoo chairman resigns
• Merrill to re-recruit former employee