COMPANIES

• ICICI drops plan to sell old building to Ketan Parekh
• Microsoft gets into Web music
• Zee postpones launch of Chakra
• Pentamedia subsidiary launches kids channel
• Mondeo may be launched by Ford India
• Revamp package for Indian Hotels gets RBI nod
• Saurashtra Cements does not find suitors as they fancy L&T deal
• Reliance joins war for cricket sponsorship
• Dabhol Power serves arbitration notice served on Union govt
• IFC picks up a 20 percent stake in Mahindra Realty for Rs 46 crore
• UB to sell 26 percent stake to strategic investor
• Cipla enters into a tie up with Zenith Goldline, United Labs of US
• Mirc’s plans to divest 30 percent to FIs falls through
• Ramco clinches multi-million deal with Boeing for aviation solutions
• HCL Comnet to offer digital signature tech solutions from RSA securities
• Ashok Leyland bags orders for 2,000 CNG vehicles
• Tatas integrating operations of their communications companies
• Bayer buyout of CropSciences could spawn mega corp in India
• SAIL will be recast into two SBUs

GENERAL

• GTB merger with UTI Bank off
• Bad times ahead for Indian software companies
• Trai postpones recommendations for WLL rentals
• Government clears FDI proposals worth Rs 545 crore

CAPITAL MARKET

• Sebi to hold back scrip-based futures
• Sensex recovers on FIIs support
• Andhra Bank debuts on BSE

PEOPLE

• Partha Banerjee takes charge as CEO of Hughes Escorts