COMPANIES

• Fortis to synergise operations with Speciality Ranbaxy
• Glaxo sells Worli property to HSBC
• Philips unveils strategy to combat slowdown
• Cipla kicks off its $1-a-day AIDS program
• GlaxoSmithkline temporarily puts on hold disposals
• Nicholas contemplates merging Rhone-Poulenc into it
• Tata AIG bags group companies business
• Zee Telefilms to recast board
• Le Meridien plans apartment hotel chain in small cities
• Tata Infotech bags education project in Haryana

GENERAL

• Internet telephony in India by April 2002
• Rupee falls to new low

CAPITAL MARKET

• Sensex on a downward tailspin
• VSNL now under Sebi glare

PEOPLE

• Hugar to become head of Global Trust Bank