Highlights

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COMPANIES

• Apple cuts flat-screen iMac, eMac prices
• Tanishq, unions in talks on performance-linked salaries
• Ranbaxy launches new ARV product
• Biomix to raise $10-15 million to buy out CROs
• Deepak Fertilisers plans to set up CNA plant at Taloja
• AV Birla group divests stake in LearningByte
• NIIT sees eGurucool as new money-spinner
• SSI's Aptech dream souring
• Merck's Taloja staff opt for VRS
• BPL closes in on Reliance, cuts rate to 49 paise a minute
• Casio to set up customer care centre in India
• Court dismisses DRL’s patent suit against Cadila
• BSES calls EGM on diversification
• SCI plans to pay interim dividend
• Canon posts 34% revenue growth
• Lamina Foundries nine-month profit at Rs 1.6 crore
• SC Johnson seeks FIPB nod to buy 50% stake in Allout maker
• MOTUL to join hands with Atlantic Lubricants
• Hyundai Motor’s January sales cross 10,000 units
• LML motorcycles sales up 198% in January

INTERNATIONAL BUSINESS

• AIG charge shocks insurance industry, drags down shares
• Microsoft asks court to throw out Sendo lawsuit
• Colgate-Palmolive net up 15 per cent
• Nestle to buy Hutch's bottled water unit
• Creditors sue Enron's ex-CEO for $70m
• AIG to take $1.8-billion charge
• Bush announces multi-billion dollar BioShield for America

GENERAL

• WTO sets Feb 12 as deadline for agreement on health issue
• Bio-fuel can cost exchequer Rs 768 crore a year
• Export Promotion Council seeks states’ support to abolish levies on EoUs

BANKING AND FINANCE

• HDFC cuts home loan rates by 50-75 basis points
• RBI comfortable with inflation rate; oil, drought under lens
• Union Bank targets Rs 12-crore premium from life insurance
• Krishnamachari Srikanth to bat for Birla Sun Life
• Shriram Group to hawk AMP Sanmar life products
• IRDA takes message to masses
• SBI Life provides cover for over 80,000 police personnel
• Punjab & Sind Bank to distribute Bajaj Allianz products
• StanChart to open 10 more branches
• Tata Tele to raise Rs 100 crore

CAPITAL MARKET

• DSP ML launches two new plans
• HSE Securities expedites steps to acquire BSE card
• SEBI asks SEs to submit scheme for demutualisation
• Block deals in Concor
• Foreign holding up in ING Vysya Bank
• Momentum buying seen in Canara Bank
• Sensex slips on opening
• Dow Jones slips 97 points at close
• Rupee stable; gilts fall