COMPANIES

• HCL Technologies sign pact with US companies
• Universal purchases Polygram Music
• ONGC to supply gas to BSES directly
• L&T Finance to change focus
• Usha Martin group telecom co restructures
• SmithKline to use own arm for drug launch in India
• Lalbhais into entertainment
• Ikon gets 3,728 orders
• TII signs pact with Steel Strips
• Government panel on divestment
• Pfizer may drop conditions to bid
• Virgin offers cheaper cellphone rates
• Celltech Chiroscience to buy Medeva
• C&W, Star TV in JV

GENERAL

• PF trustees for higher rate of interest
• Insurance venture needs more than Rs 100 cr capital
• Health insurance venture
• Three in shortlist for road contract

CAPITAL MARKET

• Markets weaken
• Hughes Software scrip at record premium
• UTI posts Rs 2,577 crore as net income in Q1
• Bond sale over
• New scheme from Kothari Pioneer

PEOPLE

• Hindustan Lever shifts personnel
• Ravishankar is head of Prit