Highlights

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COMPANIES

• Grasim sees L&T main PAT back at Rs 347 crore a year after demerger
• Tata Tea to refinance TTGB outstanding debt by Feb 28
• DPC revival delayed as GE drags feet
• Hindustan Lever goes for price hike in toilet soaps
• EPIC split likely to benefit Indian exporters, importers
• Net users' base up 34 per cent in 2002
• Infosys may cap ADS offering at 3 mn shares
• Idea edges out BPL in national league
• J&W Seligman picks up 4.5 per cent stake in Mastek
• Air-India plans separate unit for ground services
• Maruti ties up with RIL for lease & fleet management
• SAIL hikes prices of long products yet again in Jan
• L&T management not yet ready to give in
• Ford could roll out Fusion in '03
• Statoil to review deal with ONGC
• Meeting on interconnection agreement today - Cell cos to defy TRAI order
• ONGC to invest Rs 3,700 cr in deepwater exploration
• Coke to invest $45 million in South

INTERNATIONAL BUSINESS

• Japanese carmakers to work together on fuel cells: report
• Opec decides to boost output target by 6.5%
• Wal-Mart, Sainsbury plan separate bids for Safeway
• Bush vows to double SEC budget
• Unemployment at 8-year high
• Bee Gee Maurice Gibb is no more
• Reuters set to cut 1,000 more jobs: report

GENERAL

• Efforts to boost traditional ties with CIS nations
• Norms to augment FEMA rules for gift of shares being finalised

BANKING AND FINANCE

• Curb expenses, says IRDA
• Traders park funds in long-dated securities
• Canara Bank cuts deposit rates
• IDBI Bank offers CMS with more capabilities
• SBI makes loans cheaper for judges, cops & teachers

CAPITAL MARKET

• Bank stocks attract mutual funds
• Weak market may see further decline

PEOPLE

• Case quits as AOL Time Warner chairman