COMPANIES

• Reliance set to take over JCT’s polyester div
• Nandas get out of retail, put Nanz on the block
• Zee planning to rope in Sterling for DTH project
• NIIT inks deal with banks to build a $100 million war chest
• Mehta-family plan joint ventures for Saurashtra Cement, Gujarat Sidhee
• Haldia Petro may be split into two cos
• Financial institutions force Mittals to shelve LNG terminal project

GENERAL

• Several suitors for Hotel Corporation divestment
• IMD grosses more than $4.5 billion

CAPITAL MARKET

• Sheths seek white knight in Mahindras and Tatas