COMPANIES

• Boeing may enlarge model of 747
• Politics hits Reliance Infocom’s plans in West Bengal
• Sony’s Max to be group revenue driver
• VSNL sell-off to be complete by July
• BT may get to buy stakes in Japan Telecom’s mobile arms
• GAIL may buy 20 percent stake in BSES units
• Sterlite wants control of more PSUs
• Essar plans to put in $100m in offshore Mumbai oil fields
• Glaxo, Burroughs merger in India stalled
• Pfizer to venture into 2 veterinary lines
• IOC on look out for exploration opportunities abroad
• Decision on BPCL’s stake in Bina refinery soon
• Tata Steel, L&T making exploratory moves in Saudi Arabia

GENERAL

• Private companies can now sell petrol, diesel
• Debt, forex-clearing corporation; To be set up soon
• Power loans worth Rs 16,306 cancelled by FIs
• Re-insurance; rough weather ahead

CAPITAL MARKET

• Sebi takes a dim view of misuse of pool account
• NAVs of MFs touch rock bottom

PEOPLE

• Next chief of Murugappa group to be non-family member