COMPANIES

• Renault to buy out 20 per cent in International Tractors
• Lafarge in the fast lane, now eyes Madras Cements
• Broadcast Worldwide plans Gujarati channel
• Enron moots direct sale to MSEB
• Phillip Morris arm in India for processed food
• Dr. Reddy's and Cheminor to merge
• ACC to exit Bridgestone venture, Floatglass
• VSNL may lose monopoly on ISD earlier than scheduled
• Marico to exit branded atta business
• Telco may join ESOP bandwagon
• M&M and Renault in engine deal
• Hyundai founders lose control of the group
• IBM plans for online business exchange

GENERAL

• Rupee continues to slide
• Finally, Fema replaces Fera
• Amex to co-brand its cards with MTNL and Indian Airlines
• IDFC set to fund telecom acquisitions

CAPITAL MARKET

• The sensex goes on a rising trend following the Nasdaq
• Sebi to step in and check mutual fund ads

PEOPLE

• Malhotra quits KPMG for GIV
• Star TV gets new head in James Murdoch
• Syndicate Bank gets new chief in D. T. Pai
• Finally, Kvaerner Cementation gets a managing director