COMPANIES

• HSBC plans regional processing hub in India
• Iridium ties up with BPL for global roaming services
• ACC to raise capacity
• Euclid India to become US subsidiary
• Air-India cuts losses
• CNBC Asia, TV18 join hands to set up CNBC India
• L&T will buy interests for global clout
• Videocon ORG war hots up

GENERAL

• Lower floor price on imported steel
• Encouraging trends in FDI flow
• Phones on demand
• Corporatising DoT
• Plan to cut government stake in banks
• New strategy for PSU disinvestment
• Quality standard for software
• Software exports soar

CAPITAL MARKET

• Sensex makes U-turn
• ISE to extend reach
• CSE to have financial subsidiary

PEOPLE

• H.K. Dua will now advice PMO
• DSQ has new CEO
• Sunil Lulla joins Microland group
• Jack Welch, manager of the century
• Daewoo chief to step down