COMPANIES

• Silverline acquires SeraNova for $99 million
• Tata Engineering starts major cost cutting to stem losses
• Bajaj Auto decides against going alone, ties up with Allianz
• Hackers humble Microsoft; break into their network
• Tata Electric goes aggressive in acquisitions
• Datamatics Technologies makes first overseas acquisition
• Elgi Equipments sells brake business

GENERAL

• FM privatisation hits roadblock
• MTNL to set up panel for deciding on mobile tariff

CAPITAL MARKET

• Gesco talking of high counter offer to keep Dalmias’ off