COMPANIES

• Hutchinson ahead in race for Shinawatra stake in Fascel, as Hindujas hits FI block
• Dutch group, VNU gains control of ORG-MARG
• Groupe Pernod of France plans Rs 50-cr investment
• Hughes Telecom plans to invest $175 m in broadband
• L&T puts off cement division hive-off
• Madura Garments hires UK design consultant to spruce up show windows
• Blue Circle may strike all-cash deal with Birla group for its cement units
• British Telecom may take stake in Bharti Mobile
• Koshika Telecom errs on arrears afresh

GENERAL

• NBFCs' will find their insurance foray tough according to new RBI guidelines

CAPITAL MARKET

• Sensex regains some bounce

PEOPLE

• Sudarshan Banerjee takes over as Essar Cellphone CEO
• Ramco CEO to go, MD steps in
• Major top-level reshuffle at ICICI, banks and other financial institutions