Probe on `Love Bug' virus widened
The Philippine police have identified 53 people for possible questioning in connection with the Love Bug computer virus which ravaged computers around the world, investigators said on Monday. "We have invited them for questioning and some have responded immediately," said an agent of the NBI.

Birla AT&T to pump in Rs 150 cr
Birla AT&T Communications is on a roll. It has set itself a scorching pace for the next 180 days when it will be pumping in a fresh dose of investments worth Rs 150 crore. These funds will be used for, among others, increasing network coverage.

Sahara mulls tie-up with travel portals
Sahara Airlines is planning to float a new subsidiary to provide e-commerce solutions for travellers by forging alliances with leading travel portals. The airline has already initiated negotiations with travel portals to enable it to route transactions through payment gateways. With travellers increasingly turning to Internet for their travel needs, the airline has started online booking in March.

VNU hikes stake in ORG-MARG
As reported in The Financial Express, the $2.8-billion Dutch information services giant VNU has hiked its stake in ORG-MARG from 35 to 85.2 per cent. This follows VNU's acquisition of 50.2 per cent of ORG-MARG's shares from the owners of the Business India group.

Enron Comm to set up gateways
Enron Communications India will set up multiple international gateways via satellite in Mumbai with an initial investment of around Rs 600 crore. The investment will later be raised to Rs 2,000 crore.

Hoechst Marion to unveil Allegra
Hoechst Marion Roussel plans to introduce variants of brands like Allegra and Tavanic in the domestic market. The proposed launches come even as the German multinational has introduced the paediatric vaccines Vaxem Hib, Morupar, and ACE inhibitor Cardace.

CyberIT Mall HDFC Bank gateway
CyberITmall has tied up with HDFC Bank to provide a payment gateway to its online shoppers. The gateway will enable holders of VISA and Mastercard to shop directly on CyberITmall, a site which sells leading IT brands across seven product categories. CyberITmall is one of the first few Indian portals to provide a complete online shopping experience according to a company release.

Reserve Bank 2006 bond
The Reserve Bank of India on Monday set the cut-off price of Rs 104.01 at its auction of the 11.10 per cent 2003 bond and Rs 107.65 at its auction of the 11.68 per cent 2006 bond. The yield at the cut-off price for the 2003 bond works out to 9.4735 per cent, while for the 2006 bond it is 9.9305 per cent.