Highlights

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COMPANIES

• HLL net rises 7 per cent in Q4
• BSNL set to trigger ISD rate war
• L&T puts CDC plan on hold, to take up Grasim proposal first
• DRL drops three new compounds
• Zydus sets German Rem swap at 7:4
• Jindal Strips to hive off stainless steel facility
• M&M posts 16 per cent rise in net at Rs 30.8 cr
• MRF net zooms 120 per cent in Q1
• HLL plans more investment in foods division, foray into water business
• Export orders push L&T net up 47 pc
• Nirma Q3 net up at Rs 64 cr
• Gulf Oil net quadruples on higher sales
• Apollo Hospitals Q3 PAT up 11.5%
• Grand Group income up at Rs 21.2 cr
• IOC records Rs 777-crore net profit
• Blue Star Q3 net up at Rs 3.4 cr
• Cadila-German Remedies merger swap fixed at 7:4
• Asian Paints plans to set up unit at Pondy
• Reliance Life in pact with Thyrocare
• To deny voting rights to Indian shareholders - Coke knocks at FIPB doors

INTERNATIONAL BUSINESS

• Disney CEO Eisner took home $6m last year
• McDonald's walks free of obesity tag, just for now
• NEC's faulty cell phones cost NTT DoCoMo dear
• Indian labour force to grow at 1.89 per cent annually: ILO
• Bush nominates Donaldson to chair SEC
• AOL TW posts '02 loss of nearly $100 bn

GENERAL

• Rlys targets higher freight
• Handloom sector gets Rs 625 cr for 10th plan outlay

BANKING AND FINANCE

• SBI Q3 net up 28 per cent to Rs 787 cr
• RBI allows OTS for chronic NPAs up to Rs 10 crore
• BoB quarterly net up 61 per cent at Rs 254 cr
• Allahabad Bank quarterly net zooms 457 per cent
• PNB gears up for NBL takeover
• SHCIL mulls foray into merchandising
• Max NY Life expects premium income to treble
• C-D ratio of banks at 57 pc

CAPITAL MARKET

• MFs may not hurry to invest in overseas cos
• MFs' stake in VisualSoft up
• Birla MF launches dividend yield plan
• Shareholding changes in DSP-Merrill MF
• Sensex to remain cautious but firm
• Dow up 22 points at close
• Bear dominates the day
• Mahajan exit news lifts MTNL
• SEBI to ask RBI for more ETF centres for T+2
• Rupee, gilts firm up further