COMPANIES

• L&T open to giving equal stake in cement subsidiary
• FIIs take 10 per cent in Dilip Chabbria Design
• East India Hotels rattled by ITC share purchase
• ITC to offer stock options to employees
• ABB may make India its worldwide hub for software
• J&N to hive off coatings division
• Enron seeks to withdraw from Panna, Mukta and Tapti
• Raymond to foray into IT

GENERAL

• Trai recommends reduction in VSAT licence fee
• Citibank launches CitiAlert

CAPITAL MARKET

• FIIs continue selling spree as blue-chips hit all-time lows
• Takeover artists target Great Eastern subsidiary

PEOPLE

• Indian consultant to help Firestone
• Naina Lal Kidwai, Asia’s third-most powerful woman
• Rajeev Bakshi to be in charge of Cadbury’s south Asian operations