Highlights

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COMPANIES

• Telco posts Rs 76 crore Q3 profit
• Fiat plans small car, Palio diesel Variant soon
• RIL set to commission 5,800 outlets
• Blue Star Infotech posts Rs 32 million net
• Hard drive: move on to push hardware sector
• Satyam Q3 net down 2.2 per cent, below forecast
• Reliance may slash ISD rate to Rs 6/min
• Delphi to make India a global engg hub
• HP to set up advanced tech centre in B'lore
• Voltas plans Qatar JV
• Eli Lilly cuts Huminsulin price by one-third
• Nicholas Piramal Q3 net at Rs 21cr
• LG India to move SC over HC ruling
• Dabur to take up pharma demerger next week
• Tata Chem set to buy Hind Lever Chemicals
• Escorts to sell 27.21 per cent in Goetze to Joint Invest
• PIB approves ONGC plan for stake in MRPL
• Shasun plans foray into formulations
• Ranbaxy targets 50% sales from US
• There is a crisis of trust in companies worldwide

INTERNATIONAL BUSINESS

• Qualcomm Q1 profit beats estimates
• Pfizer Int. profit rises on blockbuster drugs
• Lucent posts 11th consecutive quarterly loss
• Computer Associates net loss narrows, revenues up
• Microsoft appeals Java must-carry ruling
• US judge throws out obesity suit against McDonald's
• Security top priority in Bush's plan

GENERAL

• Double taxation avoidance treaty with Slovenia
• Irda seeks tax sops for pension policies
• Consensus likely to elude on modalities for farm trade talks

BANKING AND FINANCE

• Chaos at Mogaveera Bank as six directors resign in revolt
• LIC eyes Rs 90,000 cr premium in 2002-2003
• Sundaram Finance to boost fleet card biz with DSAs
• Rs 1000-cr auction sees Rs 94.8 cut-off price
• Pension disbursal: EPFO ties up with HDFC Bank
• i-flex solution for Nigerian bank
• Bajaj Allianz targets Rs 300-cr premium
• Birla Sun ties up with Steel City Insurance
• SBT posts Rs 100-cr net profit
• EIB to resume lending to India
• UCO Bank recovers over Rs 2-cr NPAs
• Nabard ties up with Corpn Bank

CAPITAL MARKET

• Canliquid dividend
• Bull sentiment prevails
• Institutions up stake in Ranbaxy Lab
• Speculative action in Nedungadi Bank
• Sensex to remain under pressure
• Dow Jones slips 124 points at close
• Rupee gains 3 paise; gilts up

PEOPLE

• New team to head KPMG