COMPANIES

• Emerson to acquire Tata stake in Tata Liebert
• Otis Mauritius picks up more stake in Indian arm
• Intel Capital goes on investing spree in India
• Enron offers Dabhol stake at cost
• Though HCL Tech income doubles, gloomy forecast prevail
• Grasim cuts staff, trims wage bill by Rs 45cr
• Microsoft says Supreme Ccourt should takeover antitrust case
• Illinois Tool to make open offer for ITW Signode
• Tatas not to use all LoIs for basic services
• McKinsey to recast SBI again after 5 years
• HM to export Lancer with Mitsubishi's approval
• Tata Engg arms also in trouble
• Nabard to enter retail banking
• Motorola takes BPL Cellular to court

GENERAL

• S&P cuts India currency rating to negative
• Petroleum APM dismantling may not happen by April 2002

CAPITAL MARKET

• PNB to extend Rs 300-400cr to UTI at sub-PLR