COMPANIES

• RPG rules out celltel pullout plans
• Zee postpones ADR plans
• Satyam strikes alliance with Exterprise
• Reliance to invest Rs 525cr in Karnataka
• Indal will continue to operate as separate entity
• UB shelves plans to push beer brands into China
• Thomson group picks up Primark for $842 million
• Microsoft may get a breather
• Schwab launches wireless trading
• Sega and Motorola plan joint program to develop cellphones to access internet

GENERAL

• Housing finance major, HDFC, may merge bank with itself
• StanChart to set up software arm in India
• IBA gets new chief in Mr. K C Chowdhary
• Major media shake-up in Singapore
• Draft civil aviation policy to be ready by end-June

CAPITAL MARKET

• Satyam deal leads to drop in market

PEOPLE

• Matsushita India undergoes top-level changes
• Dotcom claims yet another top gun, Arvind Nair leaves Amtrex