Highlights

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COMPANIES

• Tata Engg rolls out Indigo Station Wagon
• MSEB pegs 4,784 MU power purchase from DPC-I in 2003-2004
• Southern Cement-makers pass on excise duty hike to consumers
• Shareholders approve BGPL, Bilt merger
• Germany to stop green cards to IT pros
• Firms may be allowed to raise ECB to settle NPAs
• PRO FX ties up with KEF Audio, Celestion
• Biogenus, NIO sign pact for blue revolution
• SAIL urged to review Salem Steel sell-off
• Dabur charts big plans for FMCG biz
• Exide eyeing global arena to boost sales
  

INTERNATIONAL BUSINESS

• US tightens noose on all accounting firms
• Fleming's CEO Mark Hansen quits
• Industry stumbles, jarring jobs outlook
• Dutch rival KPN bids for next-generation mobile network
  

GENERAL

• US cuts dumping duty on carbon steel plates
• Deadline for consensus on non-tariff barriers extended till March 14
• CEO-level team in Philippines to explore business potential
  

BANKING AND FINANCE

• Reserve Bank finetunes ways and means scheme for states
• WMA move based on report of Ramachandran Committee
• Peerless Finance spots Punjab as operations base for north India
• Irda puts cap on insurers’ exposure to Mutuml funds
• BoB ropes in IBM, H-P, accenture for BPR
• Marsh India gets broking licence
• RBI lowers NBFC deposit rates limit
• Tata-AIG offers Rs 876-crore group cover to Wipro staff
• SAIL takes up debt recast with SBI
• IDBI Flexibonds issue at reduced rates
• BoB trims deposit rates

CAPITAL MARKET

• 7 multinational companies delist between Apr-Dec 02
• Stocks tumble on talk of SEBI code for FIIs
• Tata Steel slides on weak Posco
• Fund support seen in BoB
• All-round selling weakens sentiment
• Rupee stable at 47.65

PEOPLE

• Senior UB execs move to Shaw Wallace