COMPANIES

• Wipro ADR proposal cleared
• UK-based Contship partners others to make an offer for 40 per cent stake in SCI
• Ballmer allays fears of Microsoft break-up
• Zee Telefilms gets FIPB clearance for mega ADR issue
• DGFT spikes Seagram's plans
• Nokia signs first major cell phone deal in China
• Honda does well despite sluggish industry performance
• Kebabs give KFC a knockout
• Comsat gets nod for Net gateways
• Saurashtra Cements mulling stock-options for dealers
• Boston Consulting to help Thermax restructure

GENERAL

• Passenger car sales increase 56%

CAPITAL MARKET

• Sensex climbs 261 on strong buying
• SEBI to relax price band in 200 scrips to 12 per cent
• Asian brokers in mega deal for online trading

PEOPLE

• ACC gets new chairman in Tarun Das of CII
• RBI governor's term extended
• Rossell Industries board reconstituted