COMPANIES

• Indian Rayon buys Madura Garments
• Lupin promoters sell 15% holding
• SAIL restructuring plan gets nod
• Wipro sets up infotech firm in US
• Court restraint on Aftek on "Infosys"
• Tata Tea may float GDRs
• Escotel’s new all-India card
• 3 new products from Volvo
• Petronet equity for GDF, Rasgas, BSES
• Microsoft to offer gift vouchers
• GM, Honda in supply tie-up
• Renault, Nissan plan joint European operations
• Interpublic buys NFO Worldwide
• Canadian rail companies to merge
• Be, Compaq in pact
• Bill Gates acquires stake in telecom company

GENERAL

• CII admits it has made a mistake
• RBI advises banks to maintain hard copies
• Tisco threatens to take AIBEA to court

CAPITAL MARKET

• Abrupt end to pharma rally
• Infy, Sify at new highs
• Dewan Housing to launch MF
• ICICI to set up web company
• NHB comes out with priority bonds

PEOPLE

• Ex-Indian Bank CMD charge-sheeted
• Baijal is divestment dept secretary