COMPANIES

• Tatas, Birlas, AT&T creating cellular entity
• Spic to hive off heavy chemicals division
• MECL revival plan hints at complete interest waiver
• Deluxe Corp to invest more in software development
• Infosys, SAP join hands for e-commerce
• Pacific Century clinches merger with C&W HKT
• wAT&T partner buying Tritel
• Ernst & Young consulting sold
• Nestle taking over vending machine business
• SmithKline wins new US patent on top drug

GENERAL

• Government sees Budget as inflation-neutral
• Softer treatment for software
• Mixed reactions in IT industry
• Pharma industry disappointed
• Petroleum companies happy

CAPITAL MARKET

• Stocks bounce back
• Sun F&C launching monthly income scheme
• MTNL issuing bonds for Rs 500 crore
• Dundee’s TaxSaver fund
• Sundaram Newton for short term plays

PEOPLE

• Ashok Chawla, not Vijay Ranchan, is IPCL chief
• J R Varma joins Sebi
• Deepak Raj is co-director at Merrill Lynch
• Ex-MD of IISCO contests chargesheet
• Europe, US spoil over IMF chief job