COMPANIES

• ABB to consolidate power business
• TCS spin-off not now, says Ratan Tata
• Airfare war extended to 15 September
• IOC plans Rs 1,000-crore investment in Tamil Nadu
• Gridco order for Siemens
• Popcorn through Internet
• GE to source materials from India
• S. Kumars in readymade market
• Mahindra resort in Goa by December
• Maruti in JV with Sumitomo
• Iridium files for bankruptcy
• Sony to sell music online
• Statoil wants to privatise
• Ford Focus in US next month
• ING bids for BHF Bank
• US firm to buy part of Daewoo Electronics

GENERAL

• Liquidity position comfortable: Jalan
• MSCI-EMF weightage being altered
• RBI curb on Kirloskar Investments
• New healthcare insurance unit under GIC
• Sarrc initiative on Y2K in banks
• Loans to textile units for IT induction
• Trai application dismissed
• Abhyudaya Bank deposits cross Rs 1,000 cr

CAPITAL MARKET

• Bearish phase in stock market
• Sebi calls for vigil on IT stocks
• Trading in 6.25 lakh DSQ Software shares barred
• Private placement by Onward Technologies
• 25 more in Z group
• DSP Merrill Lynch plans new fund

PEOPLE

• Monsanto scientist quits
• Storey is CEO of Inmarsat
• Stolar quits Sega America