Highlights

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COMPANIES

• EIL bags BPCL's hydrocracker contract
• Ford to drive in Fusion in early 2004
• Godrej Ind cancels 1.3 crore shares
• CII suggests cut in corporate tax rate
• OC willing to buy out govt stake in IBP
• Escorts to expand healthcare service
• KSIDC signs MoU for truck tyre unit
• SILK signs pact with Chinese firm
• Jet may do a Lufthansa, to spin off cargo unit
• Principal may join race for Alliance’s India assets
• Nalco sell-off in limbo as due diligence trips
• Petromin wants govt to hold 26% in HPCL
• ONGC refuses to invest in Cuddalore refinery project
• Cement despatches up 14% in December
• IOC, IBP plan joint strategy
• Bates India bags Lafarge account
• Pulsar helps Bajaj beat Honda in m-cap growth

INTERNATIONAL BUSINESS

• Konica, Minolta in merger talks
• Bunge, DuPont form health food venture
• Optimism outstrips reality at auto show
• Glaxo builds asthma pipeline with $495-mn deal
• United Airlines cuts business fares from two hubs
• Bush to propose eliminating dividend tax
• Slovenia's Lek launches generic Glaxo drug in US
• NASD may expand probe to include Merrill's top management
• AT&T to lay off 3,500, take $1.5 bn charge
• Oldies acts drive concert ticket sales to record

BANKING AND FINANCE

• RBI to continue soft rates regime: Jalan
• Mitsui to pick up 26% stake in CGICL for Rs 37 crore
• StanChart open to partnership with PSB
• Reserve Bank sets 2015 cut-off at Rs 111.58

CAPITAL MARKET

• SEBI to re-examine norms on company directorships
• DCA for stringent entry norms for IDR issues
• Bears prevail on the bourses
• Bhubaneshwar SE put under administrator
• Pidilite rises on funds buying
• MTNL stock hits nadir on slippery turf
• Moser Baer jumps as EU drops anti-dumping case
• Cosmo Films down despite bonus plan
• 'Feel-good' percolating down pharma counters
• Khyati Multimedia stock split
• SEBI to discuss implementation of JPC report
• Index heavyweights pull down Sensex
• Market not ripe for TCS public offer: Ratan
• SEBI clears Electrolux's rights plan
• Equity research outsourcing could be the next wave

PEOPLE

• Koshy bags SCOPE award