Highlights

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COMPANIES

• Essar Projects bags Rs 137-cr water deal
• India division ranked top performer in Coca-Cola global operations
• Lupin opens VRS to trim wage bill
• Google buys popular Web publishing tool Blogger
• VSNL hikes dial-up Net access rates by 5-13 per cent
• Tatas to buy power arm's broadband div
• SBI Caps, Hudco may get mandate for Petronet's debt issue
• Volkswagen plans Maharashtra unit
• Reliance Info opens 20 webstores
• Gowarikar turns producer, signs Rs 30cr UTV deal
• SAIL hopes to cut costs via partial switchover to gas
• Biocon to invest Rs 75 cr in cancer treatment unit
• Hindalco awards Rs 87-cr boiler contract to Alstom
• BSES Kerala yet to receive Rs 230 cr from KSEB
• SKF Bearings net up 127.6 pc
• Eicher mulls selling Thane gear unit

INTERNATIONAL BUSINESS

• Americans back tougher SUV mileage standards: survey
• Lucent chairman Schacht may step down next week

GENERAL

• Shinde urges FIs and banks to release Rs 2,500 crore loans
• Foodgrain offtake up 76 per cent

BANKING AND FINANCE

• FM to raise foreign holding ceiling in PSU banks
• Banks’ drive to empanel recovery agencies
• Union Bank launches anywhere banking
• KJBNL finalises coupon for term loans, bonds
• Corpn Bank hikes rates on deposits
• AP co-operative bank convention in March
• GTB launches `Vyapaar'
• SBI gets nod to sell healthcare products to individuals

CAPITAL MARKET

• Sharekhan begins Vizag operations
• Tata Mutual plans to convert Ind Tax Shield as open-ended
• ACC jumps on open offer hopes
• Mid-cap tech stocks sizzle
• FIIs turn buyers in Satyam Computer
• Hexaware shines ahead of results
• Special margin on 37 scrips
• Use book-building route to delist, Sebi tells cos
• Rupee on uptrend again

PEOPLE

• ING Vysya's retail banking head Robin Roy quits