COMPANIES

• Eight bidders for Indian Airlines divestment advisory
• Ranbaxy in foreign venture for new molecule
• Global bidders for Grasim's Raipur unit
• Svedala will acquire, expand
• Bhel privatisation with ministerial panel
• 74% sale of RCF cleared
• New Computer Associates-TCG Soft unit in Delhi
• Morepen Lab gets $20-m Loratadine orders
• Punjab National Fertilisers winding up opinion confirmed
• L&T in Esso refinery contract
• Phillips Petro acquires Arco assets

GENERAL

• Insurance entry norms for banks eased
• Sinha hesitates on reforms
• Private power rates may rise steeply
• 46 FDI proposals cleared
• Prudential norms for housing finance cos
• Modified rules for retiring public sector
• Sidbi Act amendment approved; $500-million line
• Rs 20,000 crore lost power theft
• FMO invests in Sundaram Home Fin
• India in multilateral astronomy project
• Vote-on-account on general, railway budgets passed
• Amritsar airport to be upgraded
• Voluntary retirement schemes for PSUs
• BankAm’s ATMs for the blind
• Foreign, domestic banks now equal in US

CAPITAL MARKET

• Sensex down 147
• Banks exposure to brokers estimated at Rs 5,500 crore
• Rs 5,000 crore in infotech issues expected
• US-95 open for small investors

PEOPLE

• Chakrabarti is deputy MD of IDBI
• Changes in Telco
• Ramanan leaves HLL for PwC, to be associate director
• Datta Subrahmanya is Digital India unit head