Highlights

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COMPANIES

• McDowell plans new overseas subsidiaries
• HPL may assign pact with GAIL to banks - To raise Rs 17 cr for debt servicing
• Gail AP Plan: conversion into natural gas pipeline
• ITC proposes unit to outsource agarbattis
• Wipro to invest $50 mn in disaster back-up hub
• Blacklisted firm HDW offers transfer of technology in submarine deal
• Aurobindo shareholders okay Ranit, Calac merger
• Citigroup may cut stake in Polaris to 40 pc
• Ranbaxy files application for Ofloxacin OD in US
• Living Media seeks nod for niche publication
• IOC To Launch Auto LPG In 12 More Cities
• Essar Seeks Govt Intervention In Vadinar Project

INTERNATIONAL BUSINESS

• Magnetic train makers may explore new markets
• NYT revamps operationss as Herald IHT deal completed
• Citibank to pick up 5% in Shanghai bank
• Opec likely to hike oil output

GENERAL

• Cell cos slash STD rates to Rs 2.99
• Ministry to ensure sops for textiles
• Cement companies post big rise in Dec dispatches as prices decline
• Rally against globalisation
• UTI Investor Roped In To Issue PAN Cards

BANKING AND FINANCE

• Bajaj Allianz unveils housing loan cover for jobless
• SBI to share technology platform with arms
• Sabre Cap completes due diligence on Centurion
• SBI raises sanctioning power of circle office
• PNB introduces video-conferencing to connect offices
• HDFC Bank Floats Resident Forex Deposit Scheme

CAPITAL MARKET

• SEBI directs listed cos to do secretarial audit
• Jindal Polyester board to decide on pref shares
• UTI goes for Reliance, BPCL Stock Options Petro Fund
• MFs alter load structures for greater mobilisation
• Tata Mutual plans `dynamic' scheme
• Prudential ICICI MF launches index fund