COMPANIES

• Atlas Copco and Chicago Pneumatic to merge
• Kothari Sugars to restart operations
• IL&FS venture capital outfit posts profit
• Cabletron launches e-solutions outfit
• Madura Garments to launch more mega stores
• Hughes Software to go the convergence route
• Arvind Mills appoints Jardine Fleming for debt restructuring
• Voltas thinking of spinning off air conditioner unit
• ITC hikes outlay for hotels division

GENERAL

• Cabinet discusses the integrated transport policy draft
• India may repay $1 billion of World Bank loans

CAPITAL MARKET

• Open ended debt funds give high returns
• Rollercoaster ride continues
• Foreign firms' listing on Indian bourses made conditional

PEOPLE

• Three nationalised banks get new chief executives