COMPANIES

• Sebi asked to probe Guj Ambuja's ACC deal
• GM to launch Opel Vectra in India
• MphasiS-BFL to acquire Chinese firm
• Grasim logs 3-fold jump in Q2 profit
• Higher taxation drags MTNL net down 35 pc
• ALL Q2 net up 12.5% to Rs 21 crore on higher sales
• IHCL clocks Rs 2.65-cr net; expects business to pick up
• EID Parry Q2 profit dips 39% to Rs 9 crore
• Glaxo Clocks Rs 24.6 Crore Profit In Q3
• Glaxo Q3 net falls 12% to Rs 25 cr
• Novartis' Q2 net up 48% to Rs 32cr
• German Rem Q2 net slips 8%
• ABB India board gets two more expat directors
• Renault may assemble engines locally
• Adidas to tap high-end sports goods market
• Higher taxation drags MTNL net down 35 pc
• WeP printer sales top 1 m
• HLL Garden Reach unit workers threaten strike
• ICCL in talks with FIs, lenders for debt revamp
• Monnet Ispat in talks with CIL
• Chemplast PVC project approval hits eco hurdle
• VocalTec opens office in New Delhi
• Ashok Leyland: e-com, ratings are next priorities
• Hindustan Lever: Accounting change trims decline in topline figure
• Tax refund brings SCI back in black
• M&M rolls out petrol version of Scorpio

INTERNATIONAL BUSINESS

• Buffett to leave Gillette board in 2003
• Japan's Kenwood now sees H1 profit due to cost cuts
• Isuzu gets final nod on lifeline, slashes forecasts
• Daewoo Shipbuilding Q3 net profit up three times
• P&O Princess accepts revised offer from Carnival
• MSN launches new service, sets sights on AOL
• Amazon reports narrower loss
• IBM builds tiniest computer circuit
• U.S. Posts $159 bn budget deficit
• 1,200 Boeing workers to get layoff notice

GENERAL

• Minimum floor level wage raised to Rs 50
• India wants key non-farm products as new unbound
• AP farmers welcome Palair Co-op sugar mill privatisation
  

BANKING AND FINANCE

• Corpn Bank Q2 net up 27% to Rs 119 crore
• Syndicate Bank posts Rs 143.54 crore net profit in H1
• Crisil report pegs GDP growth at 5-5.2 per cent
• Drought adds to bank NPAs in Maharashtra
• RBI cautions public on schemes
• Syndicate Bank to network 200 branches
• Peerless ties up with MetLife for savings bond
• UCO Bank H1 net up 17 pc
  

CAPITAL MARKET

• Re ends weaker; gilts fall
• SEBI to speed up enquiry into L&T insider trading
• Canbank MF offers new facility
• Bear grip tightens
• Sensex hits new 52-week low
• Polaris down on merger worries
• Block deals in Godrej; internal reshuffle seen
• Weak Q2 earnings push CMC further down
• IPCL continues to decline
  

PEOPLE

• UB's top exec quits, likely to join Shaw Wallace
• Core MD steps aside for new management
• Jaswant to meet Jalan today