Highlights

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COMPANIES

• Honda Siel Power eyes double-digit growth in sales this fiscal
• Microsoft to inject $60m in local R&D centre
• Indigo tops over 'C' rivals in Jan sales
• Satyam taps Sify stake buyers
• DD, ESPN Star talks fizzle out over pricing issue
• HLL to roll out ayurvedic products by mid-'03
• Pepsi steals Coke's thunder
• Cement sales up 10 per cent on healthy south demand
• Marriott charts growth under Courtyard brand
• BPL, Data Access launch pre-paid ISD calling cards
• Maruti to launch cheaper Alto
• GTN Textiles' promoters gifted equity shares
• Venture capital funds excluded from AS-13
• RPG group likely to hive off some cos - To concentrate on core competence areas
• Skokdaexport, BHEL join hands for overseas projects
• Leyland ups sales growth forecast by 20 per cent

INTERNATIONAL BUSINESS

• SEC nominee to face senate 'probe'
• Bank of America to Cut 1,000 jobs
• WB study quiz agencies' sovereign rating methods
• LG Elec. posts Q4 loss on bonus, weak display unit
• Yahoo expands Overture relationship

GENERAL

• Industry captains find voice at CII conclave
• NoeEnd to US, EU, Canada quota regime on textiles
• Consumer co-ops urge govt for financial help

BANKING AND FINANCE

• Equity conversion option for corporate debt revamp
• After India upgrade, Moody’s raises ratings of local banks
• CCIL to launch online cross-currency TPS
• Indian Bank gross profit zooms 220 per cent to Rs 370 crore in nine months
• New currency processor at RBI Mumbai offices
• Banks upset over higher ECGC fees
• KPFC gets `A' category from RBI
• Karnataka Bank cuts PLR
• Banks in no mood to exempt States - Action under Securitisation Act for NPA recovery
• State Bank hikes stake in DFHI

CAPITAL MARKET

• Speculative buying seen in NIIT
• Defensive buying ups interest in HDFC
• Heavyweights drag Sensex on war concerns
• Junior BeEs issue opens today
• Dow closes 28 points down
• Re up 4 paise; gilts recoup

PEOPLE

• Fiat forms new marketing team ahead of Palio diesel launch