COMPANIES

• Maruti introduces performance pay
• Zee digital pay channel to go on air from June 1
• Delayed payments forces Bechtel to consider pull out
• Hyundai hikes Santro price
• Max India in divestment mode
• Tata Chem to exit detergent business
• Yamaha in exclusive tie-up with Ashok Leyland Finance
• Tata Power bids for 10 projects abroad
• Rallis subsidiaries to be merged into parent
• Sun Pharma’s Caraco unit gets FDA approval

GENERAL

• Private basic service providers may be hit
• Local beer producers seek higher duty on imported beer
• Government rejects VSNL plans for basic services

CAPITAL MARKET

• Sebi to lift ban on short sales
• Rathi pleas against Sebi regjected by High Court
• End-of-day profit taking lowers sensex

PEOPLE

• Canara Bank to get new chief
• BankAm India to get new chief