COMPANIES

• Powergrid plans to diversify, acquire stakes in Discoms
• PGCIL to invest Rs 35,000 crore in transmission sector by ’07
• Monto to launch Cruiser bike in ’03
• Sebi to probe Birla-L&T case
• Ram Laxman's new owners annul pact with Holiday Inn
• ONGC Videsh in talks to acquire equity oil abroad
• Indo Rama hikes product prices
• Bridgestone plans to make commodity grade tyres - To buy out ACC, Tata Engg stakes
• Tata Steel's chrome venture forges new links abroad
• VSNL to match Data Access rates - Pact signed with BSNL
• Hilton, Blue Coast form joint venture
• New players take on older finance firms to fund CVs
• Conseco to sell its stake in call centre EXL to VCs
• Glenmark buys GSK's Ankleshwar bulk drug unit for Rs 14 crore
• Visteon infuses Rs 35 cr into two Indian arms
• MP Birla group to set up health clinic in Kolkata
• BIFR seeks Metal Box report on rehab scheme progress
• Rajasthan Spinning hopes for 15 pc growth in exports
• Daimler targets sales of 600 E Class cars in 2003

INTERNATIONAL BUSINESS

• Fed move to cut rates draws flak from US experts
• China writes off all debts owned by Afghanistan
• Sun Micro aims R&D plan at making computing easier
• Diageo faces demand for new terms on Burger King sale
• Sega, RealNetworks sign deal for classic games

GENERAL

• India Slips from no. one rank in tourism, China set to reach top
• 10 states still against bringing tourism under Concurrent List
• India to provide tech to European N-centre
• CCEA to review Rs 8,000 crore SAIL restructuring on Friday
• After Gandhi, comes a film on Indira Gandhi

BANKING AND FINANCE

• Reserve Bank allows capital hedging for foreign banks
• Fall in sanctions, disbursements by FIs
• Eases forex forward norms for FIIs
• PSB wage bills dip despite VRS
• Banks asked to defer farm loan recovery
• Vizag port likely to hire IDBI Caps
• Corpn Bank lowers housing rates
• J&K Bank cuts home loan rates
• Indian banking system is weak, says S&P
• Companies could be allowed to run anti-poverty schemes

CAPITAL MARKET

• Dow slips 12 points at close
• Sensex likely to remain range-bound
• Sterlite offers disputed Indal stock to Hindalco
• CSE brokers continue strike
• Mumbai tops derivatives trading chart, Kochi 4th