COMPANIES

• Godrej announces e-commerce initiative
• Indian Oil to provide customers with more than just petrol
• KNAV to launch new website audit services
• Reliance likely to buy back $400m bonds
• Falcon Tyres revamps replacement market set-up
• Telco to phase out non-Cummins engines
• Foodworld considering expansion into sub-metros
• LG Electronics increases ad budget
• Fiat considering alliance with GM or DaimlerChrysler

GENERAL

• Private companies can set up telecom gateways
• Centre still open to ideas on ESOPs

CAPITAL MARKET

• Sebi may extend deadline for cash margin hike

PEOPLE

• L.N. Mittal richest Asian in UK