COMPANIES

• Hindalco acquires Indal
• Hughes Escorts bags huge V-Sat order
• Bombay Dyeing can’t close Jamnagar unit
• Hutchison Telecom may buy stake in Fascel
• ICICI Infotech plans overseas subsidiaries
• $750 million for Hughes Ispat
• Hindustan Lever ties up mushroom unit
• Mitsubishi Chem unit starting
• LG Engineering’s expansion plans
• Siel plans joint venture with Daikin
• Lupin global TB drug research effort
• Bell Labs centre in Hyderabad
• Pentasoft creating offshore centre for Ford
• Karnataka power company privatisation

GENERAL

• Overseas acquisition norms liberalised
• Food grain target of 212 million tonnes
• Indian, US firms sign $1.4-billion deals
• Petroleum sector in for reform
• Power sharing formula dropped
• Citicorp Finance acquires Nation Wide Finance

CAPITAL MARKET

• Market dips again
• Ban on financial results during trading hours
• RBI automatic route for NRI share issue

PEOPLE

• Ahuja joining News Corp’s IT operations