COMPANIES

• Yet another company defaults on FRN – Arvind Mills
• Cipla and Ranbaxy expand marketing deal
• Nirma launches supermarket chain
• Wockhardt ties up with domestic research institutes for new molecules
• Asian Paints does well in Sri Lanka
• Hindustan Motors to implement three pronged plan
• Chrysler initiates wide-ranging review

GENERAL

• Government decides to demerge four GIC subsidiaries
• Government eases IBP divestment norms
• MTNL may get long distance telephony licence
• Cement majors hike prices
• Hong Kong bank - Merrill to launch e-banking in India

PEOPLE

• Indian names figure in top management reshuffle at Unilever