Highlights

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COMPANIES

• India Inc to play major role in building PFB reactor
• Cummins plans To increase sourcing of Indian services soon
• Ministry okays 100 per cent FDI in oil & gas sector via auto route
• IndiGene to invest $10 million in Hyderabad facility
• Hero Group scouts for acquisition in US, Europe
• Lafarge, Italcementi eye Idcol for Rs 200 cr
• US plan for BPO ban 'restrictive': India
• Imation to buy 30 per cent of Moser Baer's CD-Rs
• Vintage says Hallmark deal's on, names new distributor
• A-I plans to lease two more Airbus 310s
• Chinese coal co signs 5-yr supply deal with Adanis
• Coromandel Fert plans interim
• Gujarat Alkalies board meet on March 1
• Apollo Hospitals board renews appointments of three EDs
• Crisil downgrades Sterlite NCD programmes
• Indian Rayon rating reaffirmed
• CCEA nod for ONGC to buy stake in MRPL
• Siemens to acquire 100 pc stake in building arm
• Alfa Laval to set up total alcohol plant in Vietnam
• DGFT serves notice on Metal Box management
• FDI limit may go up for DTH services

INTERNATIONAL BUSINESS

• MFs in US plan bonus cuts in times of distress
• Ex-Tyco chief Swartz indicted for evading $5m in federal taxes
• Short Iraq war would cost world $1 trillion
• BT Group reassures staff on plan to set up call centre in India
• FBI probing theft of 8 million credit card numbers

GENERAL

• CCEA okays Rs 500-cr fund to stabilise plantation crop prices
• Rupee appreciation catapults exports by 34 per cent in December
• Grain offtake soar 77 per cent during April-December

BANKING AND FINANCE

• SBI appoints consultants for regulatory compliance in US
• Uco Bank IPO hinges on achieving car by fiscal-end, performance
• SBI Life Insurance offers assured returns product
• First tranche of Rs 7,325 cr state govt loan sale on Feb 25
• IDBI Bank's facility for corporates
• GIC can invest in foreign treasuries
• Rs 13,600-cr placement with RBI deferred
• Monitor country exposures on weekly basis, banks told
• HDFC Bank's FD issue gets `highest rating'
• UBI to sell HDFC Mutual products
• SBI may cut home loan rates for old clients
• MasterCard, Visa join banks to boost direct debit usage

CAPITAL MARKET

• Escorts MF plans to launch high dividend yield scheme
• Turnover woes haunt CSE
• BSE suspends 17 cos
• SKF slips on profit-taking
• Approval of Bill drags ITC only marginally
• Block deals in GlaxoSmithKline
• Steel, PSU-bank stocks down in narrow trading
• Rupee firm; gilts choppy