COMPANIES

• Ranbaxy to acquire Speciality Lab’s JV stake
• Caprol wants 10 per cent stake in Snowcem
• Essar Oil seeks foreign partner to jointly bid for IBP
• Kotak Mahindra to sell its stake in Matrix
• Hilton plans $75-million investment in Indian hotels
• Oriflame to turn India its Asian hub
• Ajanta Pharma to take 3 brands on OTC
• Welspun to hive off its two divisions
• Kopran and E Merck in sign up for co-marketing
• JK Tyre set to gear up exports

GENERAL

• Consumer spends on food and healthcare going up
• BHEL to take up Rs 1,200-cr modernisation plan
• India’s textile exports go up by 5.6 per cent

PEOPLE

• Mr. Dilip Pendse likely to quit Tata Finance