COMPANIES

• Castrol shuts down plant in Karnataka
• M&M ties up with Renault
• Tata Indica sales rise 44 percent in March
• Government rejects Daewoo plea for equity conversion
• Reliance Cuts Polymer prices
• Centre to renegotiate counter guarantee with Dabhol Power Company
• Jindal Group asks FIs to warehouse the stake of Tractabel
• Genomics Biotech to import DNA sequencing machine
• HLL begins to revive Modern Foods
• Cola manufacturers to slash soft drink prices
• Five steel majors combine forces to push sales

GENERAL

• Nine banks exposed to Madhavpura Bank
• Gujarat Government opposes liquidation of Madhavpura Bank
• NHB likely to go in for out-of -court settlement
• DoT playing favourites, allege license applicants

CAPITAL MARKET

• Takeover violations in acquisition of Global Trust Bank shares