COMPANIES

• Cavin Kare to foray into soap market
• Thermax to set up an US-based subsidiary soon
• Shell plans to take stake in IBP after divestment
• Mitsubishi to hike Snowman Frozen holding to 88 per cent
• Zensar plans four offshore software units
• Weitnauer plans retail foray in India
• Bharti, Spectranet deal falls apart
• PSL Holdings to set up two new pipe mills

GENERAL

• ICICI cuts interest rates on loans, bonds
• Relief bonds rates down to 8.5 per cent
• RBI opts for fresh valuation on UTI Bank-GTB merger
• Government relaxes crude import norms

CAPITAL MARKET

• Varun Shipping to go for rights issue to expand fleet
• Cabot makes open offer for 40 per cent in its Indian arm
• Nicholas Piramal set to acquire 28 per cent in German Remedies