Highlights

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COMPANIES

• Fedders Lloyd lashes out at Fedders Corp
• Radico Khaitan plans to acquire liquor brands
• Ranbaxy Launches anti-infective drug Refzil O in India
• Divi’s Labs fixes Rs 130 per share as floor price for IPO
• Hyundai Santro overtakes Maruti Alto as Nepal’s top car
• Sarbannes-Oxley may find echo here
• ITC, 4 others in race to buy Mafco
• Hitachi Life to hike stake in Amtrex
• Indigo helps Telco ride on a 29 per cent sales jump in Jan
• Mahindra to hike production of Scorpio
• Tata Tele to step up focus on call centres
• Unilever to buy seafood only from certificed cos
• Toyota to set up parts units, invest Rs 780 crore
• Apollo Tyres halts operations at Ranjangaon unit
• Tribunal clears road for Bayer to acquire Aventis
• To skirt PSU norms - ONGC moots retail joint venture with 49 per cent stake
• SRL Ranbaxy lab gets NABL accreditation
• BIFR confirms winding up of Montari Ind
• Ashok Leyland eyes W. Asia, S. Africa markets for engines
• Coats India launches `Sylko'

INTERNATIONAL BUSINESS

• Sony planning global structural revamp
• Regulators seen reshaping U.S. phone landscape

GENERAL

• Drought of the century likely to take grain output down to 183 million tonne
• Power ministry allowed to move SC on Kurdukar Panel issue
• Focus on micro level to boost tourism

BANKING AND FINANCE

• IFC to invest $100-m a year in East Asia’s core sectors
• ICICI Bank keen to buy other banks’ retail business, eyes 30 per cent market share
• IFCI searches partners for Malvika Steel
• UBI to offer utility payment services
• RBI reiterates stance on NPA regularisation
• NHB reduces interest rate by 2 per cent for HFCs, SCBs
• Karnataka Bank review meet
• Global Trust Bank plans more ATMs in Coimbatore
• DRT Chennai helps recover Rs 4.54 crore

CAPITAL MARKET

• Heavy volumes in Indo Gulf
• ADR put-off talk downs Infosys
• FIIs' buying lifts HDFC
• Capital goods stocks firm up on weak day
• Indian Bank plans IPO in 2004
• State Bank of Mysore IPO likely next year
• Dow Jones up 56 points at close
• Rupee rises; gilts bullish