COMPANIES

• Tata Industries reduces stake in Tata Tea, Tata Chemicals
• McDonald's acquiring stake in Vista
• PowerGen plans to buy stake in Jindal Tractebel
• Wipro Net to have share capital of Rs 25 crore
• NH Securities acquires stake in Sankhya Infotech
• Voltas cuts debts
• Indian Steamship vessel arrested in Singapore
• Silverline, Siebel join hands
• Indian Oil puts up options for Kuwait Petroleum
• Oberois to get into two star hotels
• Scooters India shelves car plan
• Reliance refinery to supply 8.5 lakh tonnes of diesel
• Siticable to shut off Star, National Geographic channels
• Investment firm bids for Reynolds
• BNP gains control of Paribas
• Italy finds Coke abused market position
• Toshiba, other companies get music technology
• BSkyB to buy stake in football club
• Kingfisher to take stake in Elkjop

GENERAL

• Gold deposit schemes for banks may be notified
• Next few months to see new heads at PSU Banks
• FIPB may look at Pfizer's 100% subsidiary plans
• IDBI's new method for short-term funds

CAPITAL MARKET

• BJP's plans to channel huge money into markets
• NSE to change Nifty composition
• BSE changes A group composition
• Increased advertisement expenditure from mutual funds