Highlights

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COMPANIES

• Elgi on the prowl for overseas acquisitions
• Sara Lee Corp to go solo in Indian apparel venture
• SSI nominees to join new-look Aptech board
• IIT Mumbai honours its illustrious alumni
• Refiners crank up exports as war clouds loom large
• RIL makes gas supply offer to all IPPs
• New welding technique helps L&T save Rs 36 cr
• Tata Power, BP to jointly bid for Dabhol
• Ashok Leyland plans to cut 1,000 jobs
• Shaw Wallace may split beer with SABMiller - Says value unlocked will be shared with Bhavika
• Morepen gets GDR nod; spins off arm
• A.V. Birla group set for overhaul - Cement, metals, fertilisers to remain in focus
• DFHI all set to acquire SBI Gilts
• Seven cos join race for Braithwaite stake
• Coca-Cola ties up with Goodricke for tea supply
• Consulting projects: ISB, Wharton tie up
• Munjal Auto ceases to be a sick company
• Durgapur Steel exports to cross 1 lakh tonnes
  

INTERNATIONAL BUSINESS

• Mission Iraq: US cos asked to bid for post-war clean-up deal
• Workers at Daimler unit end strike
• Microsoft unveils Office '03 system
• France's Thales may cut 10,000 jobs: report
• BIS paints gloomy picture of global economy
• Saudi seeks Opec war plan to stop oil shock

GENERAL

• New Consumer Protection Act to take effect on March 15
• Asian trade experts call for joint efforts at WTO
• Lost wheat resurfaces in erroneous accounts
  

BANKING AND FINANCE

• CDR panel okays Oswal Chem Rs 2,300-cr debt restructuring
• Crucial meeting on SBI’s forex job division today
• Tata AIG targets village slice of $50-bn life insurance pie
• ICICI-Pru rejigs 3 life products for more flexibility
• BoI to network 450 more branches
• LIC Ernakulam division crosses Rs 100-cr mark
• Indian Bank seeks to expand NRI clientele
• Note-to-coin changer at Mumbai CST
• State Finance Corpn may not meet NPA recovery target
  

CAPITAL MARKET

• Investment curbs unlikely for UTI-II - Norms to focus on isolating undue influence
• HDFC launches toll-free NSE trading in Hyderabad
• CD price hike talk lifts Moser-Baer
• Dow dives 172 points at close
• Lucent order revives Hughes Software
• SEBI puts `liquidity' issue in regional SEs' court
  

PEOPLE

• Beyond Trent: Noel Tata's on Voltas board
• Irda chief seeks early decision on successor