COMPANIES

• GE wants to recover its DPC investment
• Bombay Dyeing shifts readymade garment business to Proline
• Nalco launches rolled products
• Low promoter stake may expose Birla Group companies to takeover
• RIL close to acquiring Korean petrochem firm
• VSNL to cut data link rates
• JPC blames Ketan for market scam
• M&M to make 70-150 HP tractors for US
• Hotelier Saraf in tie-up talks with Marriott, Raffles
• TVS mobike sales up 69 per cent in Nov
• Alembic plans ad blitzkrieg for Althrocin
• Cognizant scouts for acquisitions to expand BPO operations
• Rolling in: CVs to run on radials
• BEML to set up strategic units for 4 key businesses
• Saregama to soft-pedal wage freeze, VRS
• ICI India transfers catalyst business to Johnson Matthey
• Ind-Swift buys PSIDC stake in Laboratories
• NEG Micon India gets Det Norske Veritas certification
• L&T targets 25 per cent rise in export earnings
• Morepen to gain from Loratidine's OTC status
• Bajaj Auto's November sales up 5.7 per cent
• Hero Honda sales rise 20.5% in Nov
• Auditors qualify Natco Pharma H1 accounts

INTERNATIONAL BUSINESS

• Europe Star to float third satellite in Asian region

GENERAL

• Mid-year economic review today
• I-T exemptions on borrowed capital to stay, says Kelkar
• SC stays proceedings against Hindujas
• Metro systems no more under railway fold
• Decision on Gorshkov price soon: Navy chief
• Corporates must take hard look at their CG record

BANKING AND FINANCE

• HDFC shareholders approve bonus issue
• Corporation Bank to get insurance corporate agency licence soon
• ICICI Bank to save Rs 880 crore by substituting high-cost debt
• Birla Sun Life, Andhra Bank team up
• RBI eases agriculture term loan norms
• RBI moots identification number for bank customers
• Lenders agree to help recast IFCI liabilities
• ICICI Bank, others take over assets of Patheja group
• Canara Bank to set own team after defaulters
• Securitisation Bill brings defaulters across table; banks to cut NPAs to 5%
• Bank of India modifies deposit maturity, rates
• IFCI to hold 49% in Asset Care
• Syndicate Bank plans new `Pygmy Plus'

CAPITAL MARKET

• AMFI registration mandatory for intermediaries
• Dow slips 34 points at close
• Bulls dominated the market
• Bid towards demutualisation - BgSE to appoint evaluator
• Divestment hopes lift BPCL, HPCL
• Derivatives seen to overtake cash market
• Ketan Parekh held in Mumbai
• Re firms up; gilts weak

PEOPLE

• Premji gets award
• IBM-PwC's Tugnait to head Satyam's Canada business
• Top Wipro GE execs quit over accounts fiasco
• HTA's Sunil Gupta joins RK Swamy BBDO as COO