Highlights

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COMPANIES

• Ashok Leyland drives into military zone
• JB Chem's 'Doctor Mom' to enter UK, US soon
• CTV makers open innings with 60 per cent growth rate
• L&T may pitch for competitive bidding
• Hindalco clears 1:12 swap ratio for Indo Gulf unit
• Venky's plans to enter Europe via acquisition
• UTI, Intel & Canadian bank to invest Rs 19 cr in Subex
• HLL’s notice likely to affect sale of reclaimed GIDA land
• Car, commercial vehicle sales surge in January
• Lupin to set up new plant
• Hyundai MUV `Carens' launch hits roadblock
• Pepsi arm withdraws reference to BIFR
• UB Spirits targets sales of 30 m cases

INTERNATIONAL BUSINESS

• AIG incurs Q4 loss of $104m
• Probe kicks up dirt on Tyco's rebate scheme
• Holiday Inn founder Kemmons Wilson dead
• Unilever profits up, sets new '03 targets
• Cognizant Tech net rises, revenues surge 54 per cent

GENERAL

• India is not in need of assistance: IMF
• Urea retention pricing regime from April 1
• CCEA okays drought relief for crops, hikes MSP

BANKING AND FINANCE

• VBC Fin plans insurance foray
• Syndicate Bank slashes home loan rates
• Corporate debt revamp poses problems for insurance cos
• UBI to issue bonds to raise Rs 400 crore
• IFC keen to invest more in core sector projects
• Hudco bonds get triple A rating

CAPITAL MARKET

• Nasscom, Nasdaq ink MoU
• SEBI gives more time to set up registry agency
• Tech stocks go into a tailspin
• Maruti IPO not this fiscal: Baijal
• Divi Labs geared for IPR regime
• Ketan plea for bail rejected

PEOPLE

• Dinakar, new chief GM of SBH
• Rajan Singh is SET Asia's Executive V-P