Highlights

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COMPANIES

• Cracks in cement prices begin to surface as volumes surge
• Lowe to handle ITC non-tobacco media account
• PC sales buck global trend, spurt 18% in H1
• Thermax plans project exports to beat slump
• Telco takes the highway in Dec, sales spurt 25%
• Infosys widens basket to keep bottomline intact
• Banking revenues fall $1.5 million
• Usha Beltron buys wire rope plant in Dubai
• Morgan retains top slot for India-dedicated funds
• RasGas to bid for NTPC Kayamkulam project
• ICAI to co-operate with China institute
• Hudco demand for 26%
• MFs can invest $1 b in listed foreign firms
• Dunlop workers protest
• Singareni bid to avert stir makes no headway
• Coastal Paper mill workers intensify stir
• BHEL diversifies into O&M of power plants
• Rourkela Steel to cut loss by Rs 400 crore
• NTPC deal key to Pipavav viability: BG
• Eastman Kodak may make India base for health imaging

INTERNATIONAL BUSINESS

• Andrew Lack to be new head of Sony Music
• JC Penney to slash 2,000 jobs
• American to cut 400 flight attendant jobs
• Ex-Adelphia exec pleads guilty
• The slump's only getting deeper
• Sony Music chief Tommy Mottola calls it a day
• Mastermind behind McDonald's game scam sentenced
• Koreans shaken and stirred over James Bond film
• UN trims world growth forecast, worries about war

GENERAL

• Two-way forex transactions eased to pave way for CAC

BANKING AND FINANCE

• Public banks get set for PLR cut
• First signs of recovery are here, says Sinor
• PNB issued notices to 75 defaulters in Dec 2002
• Mumbai EOW slammed for releasing Pendse’s passport
• CMIE revises real GDP growth forecast to 3.7%

CAPITAL MARKET

• MFs can invest $1 billion in listed foreign firms
• MF investors can diversify the risk element: Report
• Sensex-based funds on free float 'must rebalance portfolios'
• Bear onslaught on the bourses
• BgSE to go slow on external evaluator
• Value buying pushes up Canara Bank
• IPCL flares up on turnaround hopes
• Goldman Sachs pares exposure in Infosys
• Infosys meltdown casts shadow on indices
• Institutional interest in J&K Bank
• SEBI pulls out 6 firms from derivatives list