COMPANIES

• Unilever formalises plan to acquire Rossell
• Mercedes Benz India reports losses to BIFR
• Govt not to dilute stake in Maruti
• Wagon R launch shortly
• Himachal Futuristic to buy Essar Commvision
• Pepsi plans Kerala plant
• Indian Oil in talks with ONGC for crude supply
• RPG Netcom, Satyam Infoway forms JV
• Global Green buys VST unit
• Hikal buys Novartis plant
• VSNL plans equity investment abroad
• AOL acquires map company
• Vodafone not to change offer

GENERAL

• IFCI needs restructuring, says IDBI
• IDBI too plans insurance venture
• HDFC Bank to set up B2C system
• Income tax collection up in Mumbai
• GIC finalises on consultant
• JM Mutual, Centurion Bank in tie-up
• Newbridge Capital buys Korea First

CAPITAL MARKET

• Wipro upstages Hindustan Lever in market cap
• FIIs return to make markets buoyant
• NSE trading hit by snag
• Snowcem stock in demand
• Omega offers 20% to strategic investors
• Jindal Strips bond issue oversubscribed
• DSP Merrill Lynch sets up venture capital unit

PEOPLE

• D.R. Mehta may get an extension
• Ex-RBI dy governor on Deutsche Bank board
• Bharat Sahny is DSE president
• Microsoft loses CFO