COMPANIES

• McDowell acquires 85 per cent in Triumph for Rs 60 crore
• NLC to use B&C assets to set up 250 MW power station
• Lotus Labs set to enter phase III clinical trials
• Boeing still confident of bagging IA order
• SCI wants to maintain minimum tonnage level after divestment
• Govt to sell part of BPCL stake through ADR/GDR
• Reliance Info WLL plans hit a Trai snag
• Globalsoft may merge with H-P arm
• Car sales fail to rev up
• Oil companies freeze prices paid to LPG makers at October level
• Aluminium companies take LME cue, hike prices
• Wipro taps more global pros, hires Merrill ex-CTO
• Demerger plan within Sebi norms: L&T
• Hyatt plans 3rd hotel in Mumbai
• Nalco sell-off hits a Shourie block
• Ranbaxy set to launch Augmentin in January
• Ashok Leyland plans write-off in share premium account
• MUL to launch LPG version of Omni
• Grundfos Pumps to raise production in India soon
• EIL bags contract for IOC's Panipat refinery expansion
• Tax default will attract levy of interest, cos told
• Samsung planning to make fridges in India
• $35-m IFC loan for Apollo Tyres
• Balrampur Chini into liquor
• Luxor bid to make Parker Rs 100-cr brand
• BILT Graphic eyeing new markets for export growth
• Tata Engg vehicle sales up 15% in Nov

INTERNATIONAL BUSINESS

• Air NZ, Qantas intensify merger bid
• Australia tightens bankruptcy regulations
• DoCoMo unveils new handsets to recharge flagging 3G
• Palm strikes software deal with China's Legend
• Donaldson is new US SEC chairman
• Movie seen opening up America to Tintin
• Federal Reserve seen keeping interest rates steady
• WorldCom CEO to get salary, bonus, stock
• META predicts Microsoft will offer Linux software

GENERAL

• Rs 9,045-crore addl grants sought
• CAG to monitor regular progress Of N-E projects
• Different rate regime soon for senior citizens
• Shourie to seek AG’s views on selloff
• Companies Bill passed

BANKING AND FINANCE

• IDBI film financing book tops Rs 97 crore
• Co-branded cards: SBI, PSU banks may tie up
• Federal Bank launches mobile alert service
• Indian Bank, housing arm merger likely by next fiscal
• Bank of India to focus on rabi crop loans
• Ernst and Young to advise SBI on merchant acquisition biz
• Sundaram Home to get Rs 25 cr from IFC
• Housing finance sector will grow 24 pc in 5 years
• Global insurance body for setting up Indian chapter
• Andhra Bank launches electronic credit card

CAPITAL MARKET

• Infotech Enterprises gains sharply
• HP exit talk lifts Digital
• SEBI initiates action on Manna Glass directors
• Firm trend in HLL, tech stocks stem decline
• Dow up 100 points at close
• Rupee steady; G-securities decline
• Market round-up

PEOPLE

• Bharat Shah joins ASK Raymond