Highlights

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COMPANIES

• Godrej Appliances plans foray into international markets
• Visakhapatnam Steel posts Rs 207-crore net
• Lockheed Martin in parleys to offer launch vehicle for ISRO satellites
• Boeing for trade in option; set to buy back five old aircraft
• At stake: A 1000 per cent pay hike
• Reliance to pump $563m into 9 oil & gas blocks
• Cairn seeks ONGC equity to develop Rajasthan block
• State govt awards licences to set up five multiplexes
• After Telco, it's Tata Steel's turn for a recast
• ITC to widen 'Kitchens of India' range
• Daimler to shift gears, move into pre-owned cars
• No pink slips for Arvind's blue-collared staff
• TVS Motor in expansion mode; plans heavy push on exports
• GM to roll out Chevrolet brand in India this year
• Siemens' Indian unit to export mobile X-ray machines to China
• Philips Carbon shelves Kerala unit expansion - Steps down on exports to service domestic market
• Whirlpool board to take up royalty payment issue
• Alstom bags Jaiprakash Power deal
• HMT enters golden jubilee year
• Matrix completes pref allotment to promoters
• Glenmark divests stake in subsidiary
• Taj GVK to buy ITDC's Punjab Hotels
• Indian Rayon Japan's NGK float venture

INTERNATIONAL BUSINESS

• U.S. court rules in favor of vote swap Website
• Nintendo to give games away, cut prices
• EDS Q4 profit, revenues decline
• TD Waterhouse may get out of broking JV too

GENERAL

• Rural Technology Park to come up in Hyderabad
• Haryana seeks central aid to fight drought

BANKING AND FINANCE

• RBI almost through with govt borrowing for current fiscal
• Return on main income of 33 banks rises to 13.5 per cent in third quarter
• LIC Housing cuts lending rates
• Birla Sun Life plans to sell 90000 policies
• LVB to roll out insurance products
• ICICI Lombard to double capital
• Tata AIG earns Rs 165-cr premium income
• Indian Bank gets Rs 770-cr recap; CAR rises to 9 per cent
• ICICI Bank bonds reaffirmed `AAA'
• Federal Bank staff plan stir

CAPITAL MARKET

• Retail investors' stake rises in Aftek
• Sales growth drives up Ashok Leyland
• Tata Tea up on Budget hopes
• DSP Merrill plans to increase asset base
• Rupee up; gilts plunge

PEOPLE

• Srinivasan is new chief of A.T. Kearney