Highlights

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COMPANIES

• BSNL to bundle Net with basic services
• BKPL resumes operations on receipt of payment comforts
• Indo Rama eyes export markets in Latin America, Middle East, US
• PowerGrid in transmission pact with Tatas
• Gross capital formation of 500 companies rose to Rs 44,742 crore in 2001-02
• Escorts may offload 40 per cent in telecom arm by end-February
• Idea hangs up on BPL merger
• Barista plans expansion, eyes Europe, Middle East
• JL Morison to give a face-lift to personal care range
• Mastek planning foray into BPO
• Veloz Global of US plans software arm in India
• Cars, bikes drive auto exports up 70 per cent in Apr-Nov
• Amadeus unveils e-learning site for agents

INTERNATIONAL BUSINESS

• Korea Hyundai Mobis sees '03 net up 5.3%
• Japan bank reform results to be visible in '03:Takenaka
• China formally breaks up state power monopoly
• Kuwait adopts emergency oil plan for possible war
• China finds big gas deposit at Daqing field
• China plans early warning system against anti-dumping cases
• FAW-Volkswagen's China car sales jump 70%

GENERAL

• Post Office (Amendment) Bill may revive licence raj, fears courier ind
• Onus of communicating tribunal’s order to assessee on revenue deptt: HC
• Upswing in mfg sector to continue in ’03: CII-Ascon
• Publication of DTAAs norms on forms mooted
• Truant rains may stunt growth

BANKING AND FINANCE

• ICICIdirect plan to reach remote areas
• Insurers, PFs active in bond markets
• Banks told to form task force for risk-based internal audits
• BOB Cards ties up with Cholamandalam
• Bank loan disbursals below target in Dakshina Kannada
• Bank credit up Rs 1,652 crore

CAPITAL MARKET

• Sensex in for a dull start on Monday
• HPCL & BPCL await divestment trigger