COMPANIES

• India’s most preferred private airline gets ICAO rap
• Ranbaxy plans to offer ESOPs at 25% discount
• Baron Electronics to shed its family owned image
• Ciba Specialty takes 51% in Diamond Dye-Chem
• Volvo and Telco pledge support to IIET
• MTNL on schedule to launch mobile service, despite probe
• Dutch, KPN, and Spanish, Telefonica, in talks to form a powerhouse
• Calcutta high court approves Shaw Wallace merger plans

GENERAL

• After Grindlays, it’s a public sector bank now for Stanchart
• No sale of stake in refineries to foreign oil companies
• Govt approvals are now just a click away
• Japan’s auto market recovery weak, sales slow down in April

PEOPLE

• Kaushik Roy quits Philips to join Equus
• Trehan set to be Crompton Greaves MD