COMPANIES

COMPANIES

• Essar Power, Marathon officials to meet
• Glaxo plans business restructuring
• Wagon-R from Maruti by month-end
• Sterling Cellular plans restructuring
• Dr Reddy’s open offer for American Remedies
• Adidas plans low-priced items
• CMM Level 5 for Infosys
• Large buy-out of IPCL shares
• Novartis, AstraZeneca to merge agri-business
• GM, Fuji Heavy plan tie-up
• Informix to buy Ardent
• Sybase to buy Home Financial
• Bausch & Lomb to cut jobs
• McDonald’s buys Boston Market

GENERAL

• Lok Sabha passes insurance bill
• SBI to seek nod of RBI for insurance foray
• Standard Life to hike stake in HDFC
• No lay-off of Times Bank staff
• Banks to share information in defaulters
• Bank strike on December 17
• FIs pick up stake in Global Trust
• Poor, developing nations may concede on labour
  

CAPITAL MARKET

• Markets turn bullish once again
• Alliance plans 3 more funds
• MF units can be issued to FIIs

PEOPLE

• Vijay Jindal is Zee vice-chairman
• Nayak to take over at UTI Bank on Jan 1