COMPANIES

• Elgi, US firm in tie-up for air-compressors
• TVS Motor's new plant for three-, four-wheelers
• Singareni employees offered 10% of profit
• Matrix Labs to focus on generic drugs
• Samsung grant to two NGOs for social schemes
• Kalyani Steels board approves merger with KFIL
• AV Birla group divests Indo-Gulf stake to single entity
• BPL group plans components business merger
• Flakt gets Rs 17-crore order from Delhi Metro
• BPCL to venture into city gas sales

BANKING AND FINANCE

• Panel okays scrapping 10% cap on voting rights in banks
• Govt launches credit package for small sector
• PF subscribers above 55 can draw 90% for pension scheme
• AMP Sanmar plans to double premium income

MARKETS

• Brokers may be allowed to obtain banks funds for clients
• Retail investors favour equities as bank rates fall
• FIIs raise stake in bank stocks
• RBI to help check rupee rise

PEOPLE

• Jambunathan is new BSE non-executive chairman
• Annigeri is new CEO of FIMMDA