Highlights

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COMPANIES

• New CDC proposal on L&T drops IPO clause
• Dabur clears plan to demerge pharmaceuticals business
• Spic posts Rs 32-cr net loss
• Essar Steel cuts losses by 54 per cent to Rs 66 crore
• Sun Pharma net up 20 per cent to Rs 56 cr
• Asahi, Floatglass boards approve merger plan
• Ipca Labs trains sights at US, to invest in new plant
• B'bay Dyeing sells property in city, B'lore
• Wockhardt set to launch 1st locally made insulin
• Govt looks at Lockheed proposal to sell aircraft
• i-flex net profit rises 51 pc in Q3
• Heritage Foods Q3 net up 32 pc
• ABB net up 50%, dividend at Rs 6
• Gujarat Ambuja net up 12 pc
• Pokarna Q3 net doubles
• Promo expenses pull down Novartis net to Rs 12.2 cr
• CUMI net rises
• CESC Q3 losses at Rs 31 crore
• Morepen sales up 14.91 pc in third quarter
• Philips India back in black
• Parrys Confectionery net loss rises
• D-Link India Q3 net at Rs 3.98 cr
• Nagarjuna Constn Q3 profit up
• Matrix Lab turnover, net zooms
• Nava Bharat net rises
• Sterlite to hive off copper business
• TVS may buy out collaborator in Sundaram-Clayton

INTERNATIONAL BUSINESS

• Coca Cola to cut 1,000 jobs in restructuring
• Germany's FC Kaiserslautern on verge of bankruptcy
• Ted Turner to go as AOL Time takes $100-bn hit
• KPMG fights charges of audit fraud in Xerox
• Dow Chemical to cut up to 4,000 jobs

GENERAL

• Textile dispute: EU to decide duty reimposition after sunset review
• Defence outlay may go up by 5 per cent
• Aviation ministry to pitch for abolition of IATT in budget

BANKING AND FINANCE

• IFCI Records Rs 95-cr Net Loss In Dec Quarter
• PNB plans to demonstrate against defaulters in UP
• SHGs help improve rural banks' finances
• BoI Q3 net up 27 pc
• NPA slide drives Dena Bank net up
• European Investment Bank upbeat on India
• To fund prepayment of external loans - Govt to place with RBI bonds for Rs 13,600 cr
• AP Govt floats development loans

CAPITAL MARKET

• Birla MF plans Bond Index Fund
• Funds active in Hughes Software
• Sensex to remain subdued on Friday
• Dow Jones slips to 3-month low
• SEBI refuses to review share registry norm
• FAPCCI contests common share registry order
• Infotech stocks sizzle
• Forwards spurt; Rupee firm

PEOPLE

• Prasanna quits Wipro in a year, may join Manipal