Highlights

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COMPANIES

• LNJ Bhilwara mulls HEG textile unit merger with Rajasthan Spinning
• FACT shuts down 2 Cochin units over fuel shortage
• Lapointe Int’l in talks for raising stake in Dagger Forst Tools
• Loratadine to fetch Rs 100 crore for Morepen from US
• SEC for review of Infy ADR document
• Telco, ALL submit bids for Daewoo India assets
• Novo Nordisk may not roll back human insulin prices
• Discovery may drop regional language plan
• Sun's Telugu FM on air, 2 Tamil stations from Mar
• A-I hikes agents' commission on US bookings
• GMIL may source sheet metal from MUL
• Hitachi Life to hike stake in Amtrex
• Indigo helps Telco ride on a 29 per cent sales jump in Jan
• Natco Pharma bags award for life-saving drug
• HM moves HC over sales tax claim
• McDowell ties up with Independent Liquor - Plans big push in ready-to-drink segment
• BHEL tie-up with Anna varsity
• Tube India exhibition in Hyderabad
• GM to shift focus to Chevrolet
• Durgapur Steel sights profit after 2 decades

INTERNATIONAL BUSINESS

• Tax shelter plans deal fresh blow to accounting firms
• Philips suffers biggest net loss
• Clariant incurs $476m '02 loss
• BMW sales down 7.5 per cent
• Foster's H1 profits up 4% to $198m

GENERAL

• Rising grain freight has cement units complaining for wagons
• India to stick to its stand on multilateral trade at Tokyo meet

BANKING AND FINANCE

• Aviva plans to set up call centre, processing facility
• Interest spread of 36 banks up 16.92 per cent in Q3
• Phdcci seeks tax Sops for fresh investments
• ICICI may revise rates if war breaks out
• Irda for more freedom to intermediaries
• RBI to subscribe to another Rs 100-cr equity in NHB
• Fitch affirms foreign currency ratings at `BB'
• ICICI Bank cuts interest rates on Feb bonds

CAPITAL MARKET

• Hind Motors to divest stake in Hind Powerplus
• Matrix plans open offer at Rs 276
• First India MF on the block - Sahara emerges possible buyer
• Reliance Capital MF plans banking scheme
• FIIs shed Infosys
• Hero Honda skids to 52-week low
• SEBI directive to SEs on subsidiaries
• Re loses 5 paise; gilts tumble
• Dow Jones slips 77 points at close