COMPANIES

• Kerry Packer buys 10% of Himachal Futuristic
• Wipro launches Kannada printers
• Infosys tie-up with Cephren
• IDBI winding-up notice on ABG
• Global Tele selling GECS
• Hindustan Lever may introduce more deodorants
• VeriSign buying Network Solutions for $21 billion
• GE sets up unit to look after start-ups
• DaimlerChrysler may buy stake in Mitsubishi Motors
• Renault targets Samsung Motors
• Compaq plans fastest PC processor

GENERAL

• HDFC cuts rates
• HSBC building data processing centre in Hyderabad
• Delhi FM licences yield Rs 7 crore each
• Bulk drugs prices slashed
• Centre injects Rs 50 cr into Exim Bank
• Deutsche, Dresdner may merge

CAPITAL MARKET

• Sensex up 69 points
• ICICI Ventures investment in Niku multiplies 47 times
• NSE revises capital market timings
• RBI withdraws MMMF norms
• Kothari Net Fund collects Rs 500 crore
• Dresdner exits Tata Asset Management
• Kirti Shah declared defaulter
• Nasdaq crosses 5000

PEOPLE

• Udayan Bose global MD of Lazard World-wide Partnership
• Terence Yau is new Hallmark Asia MD
• Nick Helms at the helm
• Arun Kapur to head Jhawar holding company