COMPANIES

• Sebi clears Gujarat Ambuja stake in ACC
• Hutchinson group eyes Usha Martin
• Unitech may bid for ITDC properties
• Bharti group and BPL to rollout joint cellular services
• Shalimar Paints likely to change hands soon
• Jindal Strips to increase its holding in US-based Massilon
• Pfizer to market products of Shantha Biotechnics
• Shoppers' Stop in talks with Lupin for real estate deal
• Cadbury to focus on branded impulse market
• Orchid Chemicals to begin clinical trials for Sildenafil
• Reliance to gain from anti-dumping duty
• General Motors to get into banking
• NEC to build new plants for chip production

GENERAL

• Hong Kong bank launches private banking in Bangalore

CAPITAL MARKET

• Mutual funds hit on IT shares acquired through private placement

PEOPLE

• Rangachary re-appointed IRDA chairman
• Alliance Air gets new MD in Anil Goyal