COMPANIES

• Tata Refractories charts out Rs 84-cr modernisation plan
• Sony To Set Up Call Centre To Beef Up Sales Muscle
• APIDC Venture Capital Biotech Fund To Focus On Service Sector
• Tata Power, BP offer $150 m for 85 per ccent pie in Dabhol Power
• Bhel Solar panels on Isro satellites deployed successfully
• Ford to increase sourcing components from India
• Promoters to buy Bhagyanagar stake in Surana

GENERAL

• Decision on fate of sick PPCL today
• Brussels’ ‘gift’ to Pak textile sector: India to reply to WTO today

BANKING AND FINANCE

• Prudential sets up offshore service centre in Mumbai
• State Govt loans under debt swap
• CIDC, SIDBI sign agreement for loans to small contractors
• Oriental Insurance targets Rs 250-cr premium income
• BOB Housing Fin aims to disburse Rs 350 cr
• NHB lowers refinance rate
• Tatas hike stake in Tata Finance
• Individual money transfers capped at $2,500
• IDBI Slaps Notices On 41 Defaulters

CAPITAL MARKET

• Huge volumes in Arvind Mills
• No brokers on arbitration panels, SEBI tells SEs
• Satyam: Outlook negative, buy June 170 puts
• Oil, refinery stocks rally on profit, dividend hopes
• Broad-based buying lifts equity markets
• Diamond cos do not shine on the bourses
• Indo Rama Textiles plans to list shares
• SEBI advises bourses to pen pact with NSE, BSE

INTERNATIONAL BUSINESS

• DaimlerChrysler warns of Q2 loss at Chrysler
• 1,000 Ericsson staff to move to HP
• AOL subscriber defections top one million

PEOPLE

• Britannia asks Alagh to go; successor not named
• It's Intel COO's turn now