COMPANIES

• Telco launches Indica V2
• Coke to launch more Maaza flavours
• Lupin Labs merged into Lupin Chemicals
• Birlas plan to acquire PowerGen stake in two JVs
• Indian Hotels to cut down subsidiaries
• J&N hives off auto refinish business
• RPG gets set for restructuring its entertainment business
• Raymond acquires AV Birla division
• Dr Reddy's Labs to set up biotech foray

GENERAL

• GDP for 1998-99 revised down to 6.6%
• SBI and HDFC to have major stake in CIBIL
• IRDA may regulate pension funds also
• S&P plans corporate governance ratings soon

CAPITAL MARKET

• Geojit in MoU with UAE brokerage house

PEOPLE

• IIML sets up incubator for entrepreneurs
• Mr. GV Prasad is CEO of Dr. Reddy's Labs