COMPANIES

• Gujarat Ambuja to hike stake in ACC by further 4 per cent
• Bengal Ambuja plans large real estate projects in Bengal
• Modi group company launches new office products
• Orange to launch WAP enabled services soon
• Alembic sets up new cephalosporin plant
• Leading Edge to hive off products to separate companies

GENERAL

• New auto policy with easier FDI norms on the anvil

CAPITAL MARKET

• Blue chips may lead recovery

PEOPLE

• Nohria may step down as Crompton Greaves chief
• K. R. Girish jumps ship from KPMG to Ambit