COMPANIES

• RIL moves to takeover BSES, makes open offer at Rs 234 a share
• Mexican cement giant, Cemex, may buy 26 per cent in Jaiprakash unit
• Italian auto giant, Fiat, hikes Indian subsidiary to 94.8 per cent
• Asian Paints eyes Shalimar
• Fiat and GM may soon join hands in India too
• Broadband venture talks between Pacific Internet and Hinduja collapse
• Maruti slashes output, kicks off trial 5-day week
• MNC contracts help Ranbaxy UK sales soar by 70 per cent
• Compaq enters net delivery arena with Alpha server launch

GENERAL

• Government derails HSBC’s mutual fund plans

CAPITAL MARKET

• Sensex continues on southward trip on US rate-cut fears

PEOPLE

• Hindustan Motors loses yet another senior person