COMPANIES

• ITC to voluntarily pullout from sports sponsorship
• BMS, Pfizer still undecided on Cipla offer
• Sahara group to foray into insurance on its own
• Asta Medica to divest its stake in German Remedies
• Apollo Hospitals set to enter health insurance
• Tisco to supply auto-grade steel to car companies
• TTK Healthcare seeks buyers for its bulk facility
• Amtrex-Hitachi increases AC manufacturing capacity
• Elder and Stiefel to jointly foray into skin care products
• Tetra Pak unit starts commercial production

GENERAL

• Competition bill to keep JVs out of its purview
• Government to sign contracts for 9 oil, gas fields
• Centurion Bank to enter factoring services

CAPITAL MARKET

• Telco to raise Rs 1,382 crore through rights issue
• Sebi to impose stiff penalties for Benami applications

PEOPLE

• Mr. Subodh Shah to be new Tata Finance MD