COMPANIES

• Sinar Mas to divest its stake in Indian arm
• Havell's bag top revenue payer award
• UB to reposition Pilsner, San Miguel brands
• Cipla plans cheap generic version of AIDS drugs
• Sun Pharma to merge PDC with itself
• MBL set to launch a global beer brand soon
• Eftec picks 49% in STS Chemicals unit

GENERAL

• GIC aims for a share in global reinsurance business
• GTB shareholders okay merger with UTI Bank
• IDBI panel to finalise report on film financing
• ICICI to divest 15% stake in bank to strategic partner
• Readymade garment exports decline 16% in January
• NCAER suggests lower tax rates and scrapping surcharge

CAPITAL MARKET

• Cadbury India 2000 net up 42%
• SAW Pipes order book is worth Rs 253 crore