Highlights

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COMPANIES

• Marico Inds hires Erehwon for advice on marketing
• Toyota finds India as key market, launches Corolla
• Reliance Info signs Sehwag for World Cup commercial
• Airbus may clinch $2 bn deal with Indian Airlines
• SAIL exports up 36 per cent, production 10 per cent
• Yash Birla group may buy stake in Lapointe tools
• Reliance hikes polyester, polymer rates
• SUV plans take back seat, Toyota to focus on Qualis
• Mahanagar Gas to hike supply
• Unions put a spanner in Metal Box works
• TCCL awaits Govt nod for hydel project in Barapole
• Overshooting of credit limit - FACT denies stoppage in production
• Jindal Strips plans to restructure debt
• DCA to relax salary limits for IT, telecom cos
• Infotech Enterprises projects net at Rs 15.5 crore
• Kinetic launches `cricket-inspired' Boss variant

INTERNATIONAL BUSINESS

• Vivendi in tussle for pvt equity unit
• Moneo: getting cash smart the French way
• Cost cuts put Mitsubishi Elec back in black
• Incentives drive up Ford Motor sales in January
• Nestle may cut US ice cream exposure
• Bush sends $2.23-trillion budget plan to Congress

GENERAL

• Special cess on petroleum products likely in budget
• Exports to EU shot up 17 per cent in first half

BANKING AND FINANCE

• D/E of 50 NBFCs up at 4.69 in ’01-’02
• Corpn Bank eyes 40 per cent retail loan book
  
• Canara Bank not to use agents to recover NPAs
• KVB, UTI Bank to share ATMs
• SBI Life chooses AP as testing ground
• Lending/borrowing scheme for G-secs under study

CAPITAL MARKET

• Alliance to stay put - Samir Arora to remain head
• UTI Mutual targets doubling asset base
• FIIs grab HCL Tech
• i-flex sustains interest as ESOP lock-in expiry nears
• Alliance decision boosts some scrips
• FIIs, NRIs, OCBs may take part in Maruti IPO
• Dow up 56 points at close
• India Inc, markets welcome upgrade
• Rupee gains; gilts rise