COMPANIES

• Pentafour Software transfers unit to group co
• GE sets up R&D centre
• Enron interested in stake in oil cos
• Reckitt & Colman to improve delivery system
• Europe Star offers Ku-band capacity
• V-Guard plans cable factory
• P&G account for Madison
• Henkel Spic buys stake in Calcutta Chem
• Tamil Nadu objects to DuPont deal
• TVS Electronics plans software unit
• No Embraer planes for Sahara now
• Supreme Court stays order on BDA
• UPS, Elbee call off JV plan
• Mysore Kirloskar closing down unit
• Roche spins off unit
• BSkyB to pick up stake in KirchPayTV
• Nestle sells 3 coffee brands
• Mitsubishi to trim number of group firms

GENERAL

• VSNL joins MTNL in net tariff war
• Court tells govt to implement telecom policy
• IDBI plan to reduce NPA
• Good response for IDBI bonds
• FIs, banks to form AMC

CAPITAL MARKET

• FIIs on buying spree
• Special margins on 51 stocks
• Court directive in Harshad Mehta case
• OTCEI, Nasscom sign MoU

PEOPLE

• Rajan Krishnan joins Zurich Asset
• Dhirubhai Ambani is Indian businessman of century
• L’Oreal owner is richest European