COMPANIES

• VSNL's Q1 net falls
• iGate acquires GMR's stake in Quintant for Rs 87 cr
• CDC to make open offer for 20 pc in Punjab Tractors
• Tata Tele turnover up 26 percent, net at Rs 4.5 crore
• Knowledge Systems acquires Questech
• ICI India to offload Indian Explosives stake to Orica for Rs 67 cr
• Indal acquires Utkal Alumina
• Eveready net up to Rs 10 cr
• Indian Oil net rises 51 percent
• HPCL Q1 net up by 34.91 per cent
• Sunfeast biscuits from ITC launched
• Amul to launch new products

GENERAL

• UK retail chain plans to outsource jobs to India
• Steel majors hike prices
• Small pvt firms can scrap special resolutions: Panel

BANKING AND FINANCE

• Sundaram Finance raises $45 m IFC loan
• IDBI net up 36 pc in Q1
• Bank of Baroda Q1 net up 34 pc
• Canara Bank net up 82 pc
  

CAPITAL MARKET

• Sensex rises despite Bandh
• Trent stock rises
• ACC stock soars on expectations of cement price hike
• Matsushita Tele board agrees to pref allotment

INTERNATIONAL BUSINESS

• Volkwagen bids Beetle adieu
• MGM out of race Vivendi
• P&G's takeover bid for Wella cleared by EU

PEOPLE

• Vindi Banga joins MUL Board as director
• ICI India; Changes at board level
• Nakul Anand appointed MD of ITC Hotels
• Suguna Swamy resigns from O&M