COMPANIES

• Samsung to sponsor hindi films on Star Gold
• Microsoft targets the home PC segment --- Launches Windows Me
• Electrolux enters washing machine market
• Ford plans to make India an IT hub
• Usha Beltron acquires company in UK
• Maruti's contract workers go on strike
• A new warranty scheme on Hyundai cars

GENERAL

• India gets housing loan assistance from ADB

CAPITAL MARKET

• Shri Shakti LPG in talks for sale of stake
• UTI seeks trustees’ nod to test derivatives waters
• Balaji Telefilms plans to raiseRs 57.4 cr from public in October

PEOPLE

• R K Kaul to resign as Tata Chemicals president