COMPANIES

• IBM to reduce costs, silent on layoffs
• Fiat to shed 3,000 jobs
• Govt to get Rs 1,424 cr from Maruti sale
• JK Industries halts fresh investment in India
• Cadbury Sh Plc, Mauritius take full control of Indian arm
• Morepen Labs forms 4 strategic business units
• Orissa to return land acquisition money to L&T
• Bilt implements ERP programme
• Waxoyl AG enters Indian Market
• Q4 net profit of 435 major firms up 19.7%
• Qatar Petro seeks nod for airline JV with Gesco, UB Air
• BMW ready to drive into desi motown

GENERAL

• Above board deal with Flex, says Sinha
• Mukesh Ambani changes his family address
• Andersen negotiator to head KPMG
• Stringent checks on co-ops in insurance
• Rs 70 crore diverted from Seamens PF: Ketan Sheth
• IT security budget of India Inc soars
• Monsoon advances over the Andamans

CAPITAL MARKET

• PSU scrips on a roll, techs firm