COMPANIES

• Dr Reddy’s takes 45 % stake in American Remedies
• Reliance Petro redeems debenture instalment
• Philips contests Aiwa claim
• Wipro service to customers
• Nalco to buy Aqua Chemicals
• Warren group company plans hotels
• ISG to market banking software Plato
• Nicholas buys Hoechst plant
• Sanmar, GIO form JV for risk services
• 6 profitable PSUs identified for divestment
• Global Greens plans acquisitions
• L&T bags NDDB order
• Kalyani Steel issue rating downgraded
• 7 companies vie for NGEF
• Carlton, United News in merger plan
• BSkyB to pick up stake in Kirch
• Microsoft mediation next week
  

GENERAL

• HDFC Bank, Times Bank boards approve merger
• Gold scheme to have differential interests
• New trading finance scheme from Allahabad Bank
• Hudco loan for Bangalore airport

CAPITAL MARKET

• Dull trading marks settlement day
• Times Bank stocks turn volatile
• BSE hikes B2 business limits
• 3 selected as BSE members
• Unit prices to be announced prospectively
• FIIs take measures for Y2K bugs
• RBI directive on MF cheque facility

PEOPLE

• K.K. Iyer is partner of Andersen
• Kejriwal joins Essar Oil
• Panel named for Essar project viability study