Highlights

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COMPANIES

• Hindalco’s Q3 net down 39 per cent on weak aluminium prices
• Ashok Leyland net rises 72 per cent higher in Q3 on lower expenses
• Visualsoft Technologies Q3 net up 51 per cent
• TCL Q3 net rises 20 per cent to Rs 55 crore
• Tata Pigments plans to make Cemplus national brand
• Nambiars may sell half of 56% BPL stake to Sanyo
• Maruti sets IPO floor at Rs 230
• Sony bags TV rights for Devdas
• Tatas may bring Rallis under chemical arm
• NIIT net up 55 per cent to Rs 5 cr
• VSNL net drops 77 per cent to Rs 82 cr
• A-I cuts aircraft order to 10
• Tanishq forays into silverware
• Orchid eyes B'lore-based Strides' LatAm business
• Emerson to set up design hub here
• Camlin net up on cost cuts
• Bombay Dyeing posts Rs 5.9-cr profit in Q3
• Debt restructuring helps Eveready earn profit
• BPCL net up as import parity prices increase
• Better productivity drives Indo Gulf net profit up 20 pc
• IBP's Q3 net slides 98 pc
• Tata Chem, HLL unit swap set at 2.5:1
• Hindalco to acquire Australia mine
• SITA plans to acquire one more company
• Coke's cost cut move leads to labour woes in bottling unit
• Dunlop workers protest against settlement delay
• PepsiCo likely to pump Rs 350 cr into bottling
• LG turnover rises 50 pc
• Elder Pharma launches new drug

INTERNATIONAL BUSINESS

• Japanese call rates turn negative for first time
• Big Mac posts first-ever $344m loss
• Amazon earns its 2nd profit
• GM, Ford roll out dealer incentives to push sales
• Japan confirms low growth likely in 02/03, 03/04
• GlaxoSmithKline halts asthma drug trial

GENERAL

• India extends time for US to roll back steel dumping duty
• Pharma bodies seek higher dosage of tax sops for R&D

BANKING AND FINANCE

• IDBI sees Rs 5,000 cr in FDs, current A/c in universal mode
• Bank Of Rajasthan to sell LIC MF units
• OBC clocks 57 per cent rise in gross profit in April-Dec
• RBI asks dealers not to give forex
• SBH nine-month net profit up 17.5 pc
• Ashok Leyland Fin board clears debenture issue
• DCA allows insurers to revise a/cs
• HSBC `cheers' for India
• Union Bank bond issue gets `AA+'

CAPITAL MARKET

• ING Mutual to leverage group's bank network
• Bear onslaught
• ICICI Bank sustains interest
• Otis Elevator to delist
• Moser Baer gains on price hike hopes
• United Phos falls on Alliance pressure?
• Hinduja TMT may contest SEBI order
• Market tumbles as Reliance leads fall

PEOPLE

• New MD for Keltron
• Behind the wheels: Agnelli put Fiat into the fast track