COMPANIES

• Ice cream wars in the making: Amul to take on HLL
• Two giants’ get together to unleash new power in e-biz market
• Sumitomo Corporation reduces stake in IndusInd Telecom
• Enron to trade in inter-state power sale through new trading arm
• News TV to invest $300 million in India
• NIIT to set up fully-owned arm in China
• ITC’s infotech subsidiary to control overseas units
• Piramals may pick Ambalal Sarabhai's stake in joint venture
• Orange may see a $46 billion offer from France Telecom

GENERAL

• Five star hotel rooms in Mumbai to explode
• Airline privatisation: government allows Indian companies to bid
• IDBI picks up stake in Punjab phone operator
• Accounting body, ICAI, to make business segment disclosure mandatory

CAPITAL MARKET

• Sebi may introduce accounting norms to value dotcoms
• Ministry for steps against rigging