COMPANIES

• Reliance restructures textile business
• Sony sets up Internet bank
• Pepsi Indian operations yet to break even
• Toyota India sees huge sales growth
• Ponds in revamp exercise
• TCS plans largest ever hiring binge
• BPL to reorganise its manufacturing facilities
• Thermax may acquire stake in Thai energy firm
• Godrej Consumer Products may be listed by mid-June
• Third milestone payment for Ranbaxy in July
• ONGC enters fiscal 2001 without insurance cover
• Millenium Alcobev in contract manufacturing JV

GENERAL

• Finance minister chastises car companies
• Delhi to appeal for relaxation in CNG permit norms
• Boom in hotel construction in India
• IRDA to revise agency commission structure
• CBDT shocks bank no VRS write-off

CAPITAL MARKET

• Sensex loses 38 points
• Gelli denies any wrong doing
• Sinha reacts sharply to market crisis
• Madhavpura bank chairman still missing

PEOPLE

• Tata Steel restructures board
• Godrej Consumer Products inducts four independent directors
• Godrej Pillsbury to have new chief executive