COMPANIES

• Tata Steel may beat world majors to be the lowest cost steel producer
• Infosys decides to go ahead with acquisition plans
• Deadline for counter-bid on BSES expires tamely
• Brand extension: Marico may extend Mediker brand to hair oil
• Birla Tyres to offer equity to foreign company
• MTNL responds to challenge: slashes Internet tariff by 70 per cent
• US government sends feelers to Microsoft

GENERAL

• International travellers from India to taste Virgin experience from July 6
• BSE institutes awards for corporate excellence
• Government may sell its stake in VSNL, MTNL

CAPITAL MARKET

• IPO norms likely to be tightened by Sebi
• Sebi releases ad code for mutual funds
• BSE kicks off derivatives trading

PEOPLE

• Rahul Bajaj on NYSE board
• P&G head, Mr. Durk Jager, to resign from three top posts
• 3 new directors on McDowell board