COMPANIES

• Stemcor to have majority stake in Essar Minerals
• Divestment panel moots Bhel's privatisation
• Ranbaxy to receive $65 m for drug delivery system
• Dabur to get finance for cancer drug project
• Mahindra infotech unit to set up bourse
• ICICI, Shoppers Stop eye Crosswords
• TCW/ICICI to buy stake in Creative Eye
• Astra gives marketing rights to Astra IDL
• Taj plans 10 new hotels
• Speech software in automobiles
• NEPC reschedules debt
• HPCL, BPCL to sign pact with RPL
• TTK Pharma-Biomed equity swap
• Leading Edge Systems aligns with SAP
• Alcoa-Reynolds deal through
• Glaxo, AHP in merger talks?
• Texas Pacific may acquire Piaggio
• AES buys UK power station
• Foreign banks not ruling out action against Daewoo
• Mitsubishi plans partnership with Volvo
• Cisco buys MaxComm
• Suez Lyonnaise to acquire Tractebel

GENERAL

• IT dept should exercise caution while attaching assets
• BJP-led govt will allow PF funds into stock markets
• Banks changing rate structure
• US sets visa cap
• ICICI board decides on equity issue
• Govt allows banks to do forward deals in gold
• RBI: banks should file global asset details
• VSNL will launch cellular e-mail
• IDBI-assisted companies fare well: study
• Rabo Bank selects Lucknow
• IDBI selling out AMC to US company
• CAR - reason enough to come out with a public issue
• Software exports jump
• IDBI Flexibonds garner Rs 1700 crore
• World's largest bank being formed

CAPITAL MARKET

• Stock markets decline
• Sebi recommends listing of foreign cos. in India
• Kotak Mahindra will share AMC fees
• Sebi committee recommends rolling settlements
• MFs see net inflow of Rs 1476 crore in July
• Goldman loses US$100 million

PEOPLE

• S.H. Khan to head infrastructure fund
• Arya Bhattacherjee sells Arcus