COMPANIES

• VSNL has plans to invest more in ICO
• Lupin’s new R&D unit at Pune
• Ingersoll-Rand exiting compressor business
• Exuba from Ashok Leyland
• ComputerSkill plans unit for CDs
• Ceat to set up tyre plant in Karnataka
• FIs pick up holding in IEC Software
• MRTPC bar on Godrej Ganga
• Kenilworth plans hotel in Goa
• BT in role of white knight to save Esat
• Granada plans demerger of leisure business

GENERAL

• Inflation drops, at 2.93 per cent
• 3 mobile phone companies face axe
• Dave panel moots 6 players for pension funds
• Government plans to save 3 weak banks
• ICICI Venture to mobilise funds
  

CAPITAL MARKET

• New carryforward system suggested
• Shree Rama Multi-Tech plans issue
• Kotak Mahindra plans rights issue
• Andhra Bank Housing plans IPO

PEOPLE

• Abnash Singh heads Apcosoft Infoway
• Wadhwa on Pannell Kerr Forster board
• Lloyd-Webber buys London theatre