Highlights

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COMPANIES

• After Reliance, now Tatas WiLLing to offer more
• Short circuit: FIIs cut BSES stake to 1.5%
• Sify, TCS, Wipro, Infy offshore revenues to rise
• Ford changes gear with Ikon Nxt
• USV to sell Lane Labs' products in local market
• AI net may soar to Rs 100 crore
• Bajaj to reduce cost per bike by Rs 1,200 by 2004
• Tisco, Ispat to gain from cut in metcoke duty
• Sail's rail output may rise 40%
• Marconi to pump $5 million into local unit
• TCS looks to expand in Chennai, scouts for land
• Maruti hikes prices
• Four Ferro Alloys units have more than 5% equity
• ONGC to invest Rs 500 crore in three new fields
• Lanco Ind allots Rs 22-crore equity to Electro Steel
• ONGC bids for Cairn assets in India
• Ind Swift board clears swap ratio
• ABB India bags order from Syria
• PSL Holdings bags Rs 400-crore order

INTERNATIONAL BUSINESS

• CNBC to air AOL documentary amid ongoing revamp
• HBO plans last season for Sex and the City
• Motorola unveils new wireless phones for 2003
• AOL Time Warner may write down billions again
• Microsoft in MSN Internet service deal with Charter
• Microsoft unveils smart watches, portable media box
• Wireless Internet group sets standard for service
• Intel to market mobile technologies as 'Centrino'
• Pak to invest 10% of forex reserves in international markets
• Roche settles Ribavirin patent dispute

GENERAL

• Finance Minister kickstarts reforms season
• IFCI pressured to push DRT order, alleges Congress, NCP

BANKING AND FINANCE

• Dewan Housing to get Rs 60-crore IFC loan
• DRAT hearing on Maharashtra’s appeal against DRT order today
• DHFL plans to go for Rs 50-core tier-II capital infusion
• Pvt Life insurers invested Rs 1,481 crore during 2001-02

CAPITAL MARKET

• UTI to wind up offshore fund
• Alliance Mutual sells 2.22% stake in Mastek
• Bulls prevail on the market
• Exchange-traded funds: Web of spiders and vipers beckons
• Lupin Labs gains on stake sale talk
• Crompton Greaves uptrend continues
• Megasoft delisting cleared