COMPANIES

• Aluminium majors Nalco, Hindalco up prices
• Global Telesystems warns of decline in revenues as it plans to exit select areas
• Ford to conduct due diligence of Daewoo’s India plant
• Sterlite draws up a Rs 800-cr expansion plan for telecom subsidiary
• Ford plans to make India its IT-hub for Asia Pacific
• Ranbaxy global plans on stream with Brazil JV to commence in October
• Oberoi hotels join Cathay Pacific rewards program
• Hyundai may export Santro, Accent to European and African markets
• Tata-Birla AT&T merger runs into roadblock
• Wipro to hive off peripherals arm into separate entity
• Welcomgroup set to rationalise hotel tariffs across group properties
• Philips may team up with Asian partners in mobile foray

GENERAL

• Trai asks MTNL to form separate company for cellular services
• Government to allow allotment of shares in lieu of cash to foreign companies
• Stanchart said to be bidding for Hong Kong business of Chase Manhattan

CAPITAL MARKET

• Tech stocks fuel a Sensex rally