Highlights

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COMPANIES

• A-I re-routes flights to US, UK, France
• Apollo, JK Tyres spar over Continental Tech
• Pricol, Directed Tech float new firm for car security systems
• M&M launches Bolero Variant
• Three Indian pharma firms, US co in umbrella pact
• PC sales pick up on retail circuit
• Exec appointments may no longer need DCA nod
• Hyundai launches Accent variant
• BHEL turbine for Oman co
• L&T wins Rs 269-cr Karnataka road project contract
• BHEL bags NTPC Vindhyachal project deal
• Concept bags Maruti IPO account
  

INTERNATIONAL BUSINESS

• Retirement blues: Falling interest rates add to worries
• US fund takes WorldCom, Citi to court

GENERAL

• Exim Policy to retain all promotional schemes
• Higher concessions sought for big exporting companies
• India, 3 others to study export standards in developed world
• Direct tax collection up by 14 per cent

BANKING AND FINANCE

• Kotak Bank sets Rs 100 crore to beef up retail operations
• RBI issues new norms on repos transactions
• ING Vysya readies pension, group insurance products
• ICICI Lombard OTC sales top 50,000 policies
• BoB commits Rs 100 cr for India Development Fund
• i-flex solution for Kotak bank
• BOB to sell ING Vysya insurance products
• New IRDA non-life brokerage norms - `No payment for business from Govt, PSUs'
• Insurance cos: Divestment clause looms large for foreign promoters
• State Bank, BoB get nod for offshore branches in SEZs

CAPITAL MARKET

• Glaxo up in downhill market
• BHEL hits new high on order hopes
• Nifty calls lose value as spot takes a beating
• 822 cos on BSE flout corporate governance code
• Fears of long war bombard Sensex
• Dow Jones plummets 307 points at close
• Rupee stable; securities decline
• As SEBI deadline nears - Brokers clueless on turnover fee defaulters

PEOPLE

• Gopalakrishnan to head Rallis India