COMPANIES

• Piaggio rejects Bajaj equity offer
• Govt may postpone IPCL sale
• ACC stake may go to Sekhsaria holding company
• Michelin building Rs 500-cr unit
• Mercedes may sell more cars
• Scottish & Newcastle acquires Kronenbourg

GENERAL

• PC shipments top 1 m in 1999
• Enron & Global Tele jointly investing in fibre optic grid
• Govt may plug interim dividend loophole
• Global Trust Bank’s insurance plans
• Interest-free loan for Konkan Railway
• Pharma industry wants R&D push
• Demand for tax cuts for indigenous cars rejected

CAPITAL MARKET

• HDFC AMC launching three funds
• European bourses merging