Highlights

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COMPANIES

• Hyundai to make Chennai facility a 'global hub'
• Dr Reddy’s Pulls Out Paediatric Nimesulide
• Coke India targets Southern States
• Ford hikes Mondeo price by Rs 55,000
• Tatas Identify IT, Telecom As Growth Drivers For 2003
• Aban bags order for GRP pipes
• Sterling Biotech bags Rs 5.5-cr order from US co
• Reliance to enter coffee market
• Hudco to pay Rs 23-cr dividend
• Silverline incurs Rs 7-cr net loss in July-Sept '02
• BPL, AirTel to share TN infrastructure
• Bajaj Auto to unveil new models in fourth quarter
• Waterbase to wipe losses with share premium amount
• TVS Motor sales rise 39 Per cent in Dec
• HPL signs R&D, IT pacts with GAIL

INTERNATIONAL BUSINESS

• With Wagon, Chrysler goes back to future
• IBM contributes $3.95 bn to pension
• Asia Pacific IT, telecom markets to grow 11% in '03: IDC
• Boeing, Hughes helped China illegally: US

GENERAL

• Tariff war intensifying - Cell users can look to `bonanza'
• Exports Grow 15.62% In Nov
• Steel companies hike product prices
• Diesel, petrol prices to be hiked today
• IBP, Tata Steel, DRL bag corporate governance award

BANKING AND FINANCE

• ICICI Bank to issue Rs 400-crore Bond
• Corporation Bank To Seek RBI Nod For Tax-free Bonds Issue
• Vijaya Bank, LIC In Pact To Offer Cover To Deposit-holders
• KMFL Shareholders Okay Change In Authorised Capital To Rs 100 Crore
• India Insure gets broking licence
• Over 180 Corpn Bank officers opt for VRS
• Bank Of India Launches Mobile ATM In Mumbai
• LIC Housing Fin launches project for elderly

CAPITAL MARKET

• Dividends from CanBank Mutual
• Kotak MF plans to launch debt scheme
• Mastek gains on fund support
• PNB sees heavy selling