COMPANIES

• Non-executive directors spike Indian Oil plan to buy out Birla stake
• Balaji Telefilms calls off merger deal
• Talks about merger between Tata Infotech and TCS
• Tata Infotech launches new courses
• Morepen Laboratories files for 3 patents
• AV Birla group to buy Rhone-Poulenc House
• Balco to return to normalcy in one month
• Godrej group to set up young executive board
• Crossroads opens new outlet in Pune
• Zensar Technologies aims at tripling turnover
• Bajaj Auto not to spin off bike business
• ACC drops plan to sell units to Tata Power
• Kotak Mahindra to renew holiday finance contract with SOTC Kuoni

GENERAL

• More sectors open to 100 per cent FDI

CAPITAL MARKET

• DR Mehta to stay on till term ends

PEOPLE

• Chopra new chairman of Albright & Wilson
• Syndicate Bank to get new executive director
• RBI ‘removes’ Murthy him from Nedungadi Bank board