COMPANIES

• L&T to spin off cement, IPO for IT unit
• Tata group exits JV with Lucent
• Godrej Soaps wipes out losses, posts profit
• E-com training course devised
• Chrysler cars could be in India
• A cheaper Sienna planned
• M&M sets up 2 JVs
• Apollo’s radial tyres for trucks
• Indian Shaving to examine restructuring plans
• IBP seeks government nod for restructuring
• Ballarpur Industries, IBM in IT tie-up
• Glaxo, SmithKline renew merger talks
• Hughes sells satellite business to Boeing
• General Motors, NetZero in deal
• Mannesmann plans web business
• BT, Telenor in agreement
• Talisman a takeover target

GENERAL

• Rate cuts on savings schemes
• More World Bank loan for Indian banks
• UTI Bank eyes Centurion Bank
• IDBI plans 3 subsidiaries
• MTNL cell foray in June

CAPITAL MARKET

• Weak sentiments in markets
• Circuit breaker levels hiked

PEOPLE

• D.N. Basu is CGM, SB Bikaner & Jaipur
• PNB chief goes on leave
• Gates steps down, inducts colleague as CEO
• Baan executive quits
• Ex-Disney animator dead