Highlights

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COMPANIES

• Auto sector lags behind global peers: KPMG
• Fedders ties up with Korean co
• SC orders SPGL to include parent’s dissent on accounts
• Parke-Davis minority shareholders appeal against Pfizer merger scheme
• Mallya makes fresh offer for Herbertsons stake
• Birlas revive Orissa project
• Daksh to raise $100m via IPO
• International Tractors mulls making jeeps
• Ceat offers lifetime guarantee for Secura brand
• Czech bidder offers joint venture to make 66 AJTs
• Andhra Cements to get wind-up notice
• MTNL readying VRS package - Cos to be board-driven
• GAIL moots `barter' deal with exploration cos - Seeks gas supply for paying back to govt
  

INTERNATIONAL BUSINESS

• HP sues ex-reseller for $8m over gray sales
• Bombardier workers accept new deal to save jobs
• USDA mulls strict rules for Monsanto biotech wheat
• NatSemi chips aim to wire more fun into phones

GENERAL

• Urban transport: sky bus system gaining ground
• Call for stringent BIS norms for bottled water
• Inflation skids to 4.69 per cent, but fuel prices soar
  

BANKING AND FINANCE

• Jaswant clears 49 pc FDI in insurance
• PSBs may not bite buyback bait
• FIs give `credit' to Bollywood
  

CAPITAL MARKET

• HDFC Mutual acquires Zurich asset company
• GTL merger meet
• Special margin on 41 scrips
• Year-end wariness keeps yields in tight range