COMPANIES

• Hutchinson Telecom reportedly taking over Usha Telekom
• General Motors may source more from India
• Max India plans ambitious healthcare foray
• Cadbury gets huge amount for Mumbai property
• In response to EDF’s withdrawal, Ispat asks Alstom to hike stake in Bhadravati
• Deutsche Telekom plans to buy Disney stake in Infoseek
• Indonesian workers of Sony to be sacked

GENERAL

• Hindujas, Bajaj Auto and S Kumars in line to join insurance bandwagon
• PowerGrid and Spectranet to develop long distance network
• VSNL may get reduced accounting rate for international long distance
• DoT mulls third generation cellular telephony
• Stanchart-Grindlays merger encounters new twist

CAPITAL MARKET

• UTI sets up 7-member panel to devise new corporate plan
• BSE in talks with NYSE, Nasdaq for alliance
• eVentures seeks partnership with Intel and Microsoft
• Weak sentiment keep markets down

PEOPLE

• Amex PFS Asia-Pacific gets new chief in Kotwal