Highlights

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COMPANIES

• Chiron Corpn to make India hub for S-E Asia
• Tata Sons may Pick 19 per cent in Tata Elxsi at premium
• Saudi Aramco keen to bid for 34 per cent in HPCL
• Cosmo Films plans Rs 50-cr investment to expand capacity
• Entertainment tax takes big cut
• Angry Indian IT pros leave Malaysia
• MNCs look to India for component outsourcing
• The Park hotel to add 100 rooms, spend Rs 110 cr
• Dunlop's sales building gutted
• BHEL bags order from M.P.
• Talks over limited mobility draw blank
• Grasim has no hold over L&T
• Visaka Ind MD to consolidate personal holdings
• SAIL expects to touch 10 mt output
  

INTERNATIONAL BUSINESS

• Two Enron execs arrested for $111m fraud
• Philips to revamp chip unit, slash 1,600 jobs
• McDonald's sales take a beating again
• Boeing's back on runway for long-haul jetliners
• Rebuilding Iraq to cost US taxpayers $20bn a year

GENERAL

• 5.6 per cent fisc deficit not unsatisfactory: FM
• Official apathy leads to delay in relief to sugar farmers
• Blood on tracks: Blast rips through Mumbai's lifeline
  

BANKING AND FINANCE

• Banks see tough days ahead for SFC bonds
• Offer to turn US-64 into bonds opens tomorrow
• Panel for inclusion of states’ guarantee obligations in budget
• Investment cap on tax-free saving bonds removed
• AON Global gets licence for broking
• Forex-Re options to hedge risks allowed
• United India to vend vanillas via banks
• S&P upgrades Tata Engg to stable
• Andhra Bank pact with United India
• Rabo India gets $25 m from parent
• Govt to issue 6.5 per cent tax-free savings bonds
• ICICI Bank bonds sale
  

CAPITAL MARKET

• Refund or face action, SEBI tells Kalpataru Agro
• Hero Honda rides on ties renewal
• Block deals in HDFC Bank
• Canara Bank sees buying interest
• Cautious approach by investors in derivatives market
• Select techs shine in range-bound market
• Maruti IPO to be completed in June
• Ketan Parekh denied bail
• Rupee steady; G-secs choppy