COMPANIES

• AV Birla group buys US web company
• Skycell too in Bharti fold
• Apollo Hospitals merging 3 group firms
• IndiaWorld deal stays, says Satyam
• HPCL, Gail in deal for gas pipeline
• Intel, GE Cap pick up stake in TSN
• IFB group divests in finance arm
• Shareholders okay India Cements' float plan
• IL&FS, Obayashi forming JV
• GE not to sell NBC
• No Ericsson-Nokia merger planned
• Motorola to licence Palm Pilot system
• No deal in Microsoft case
• Pfizer seeks to oust Warner board

GENERAL

• Cabinet approves 3 bills
• MTNL plans to enter long distance telephony
• ICICI Bank, Satyam set up JV
• Task force suggests closure of 3 banks

CAPITAL MARKET

• Infotech stocks stagger in a weak market
• BSE starts mock derivatives trading
• Net trading okayed
• ICICI brings out Zenith Info case
• Sebi tells firms to wind up unregistered schemes
• Indian Oil GDR issue cleared
• Bank of Tokyo-Mitsubishi plans online brokerage

PEOPLE

• Three vying for Sebi chief’s post
• Narayana Murthy gets IBR award
• India Venture 2000 constituted
• BMW chief to join Volkswagen
• Mark Fields to head Mazda