COMPANIES

• Kotak Mahindra to merge PTCL with itself
• Murugappas offer Coromandel stake
• Morepen wants 25 per cent of Loratadine market in US
• HFCL to outsource from Cisco and Ericsson
• LG to divest 25  per cent equity to fund expansion

GENERAL

• MTNL cellular tariff announced
• CSO revises index of industrial production
• MAIT scales down its PC sales target

CAPITAL MARKET

• Sebi to fix time for MF investors to exit

PEOPLE

• Mr.K.K Jain becomes FIEO chief