Highlights

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COMPANIES

• Telco’s CV volume to grow at 5-7 per cent this fiscal
• Acrylic makers’ forum upset over exclusion of ACN from duty cut
• Morepen Labs, Niper sign deal for research program
• Chemists’ body warns of indefinite strike on VAT
• IBM paid $31 mn for PwC India
• Pay more for expats
• WPP to hike stake in O&M to 65 per cent
• Rs 1,000-cr bonanza awaits oil cos
• Tata Tea gets Rs 25.35-cr dividend from UK unit
• BHEL executes DVC contract
• HC stays strike by BPCL workers
• BASF defers move to acquire Fipronil business
• South Asian Petro in global marketing tie-up
• Sony India to drive growth via exclusive showrooms
• RPL complains of Rs 250-cr annual loss
  

INTERNATIONAL BUSINESS

• China further eases forex rules to attract FDI
• US Tech CEO charged in $150-mn investment scheme

GENERAL

• Sikkim Annual Plan fixed at Rs 405 crore
• Inflation likely to jump on war-footing

BANKING AND FINANCE

• SBI Life Insurance teams up with GE, Maruti Countrywide
• RoCS in a bind over RBI decision on Prudential Bank
• HSBC to guarantee saving on home, personal loans
• State relieved as court stays recovery of Rs 50-cr arrears
• Plunging share prices may delay S Korea’s plan to privatise banks
• Corpn Bank to open more outlets in LIC premises
• Dena Bank bond issue
• Bank of India plans rating tool for SSIs
• Bank unions want RBI to review stapling order
• Prudential Bank staff `refuse' administrator
• Move to check NBFC, co-op bank frauds — AP Govt plans special court for economic offences

CAPITAL MARKET

• IPO panel move to check fly-by-night operators — Net tangible assets criterion preferred
• Marginal gains
• World Cup over, it's Zee's turn to play
• Firm freight rates turn tide for GE Shipping
• Tetley dividend plan sweetens Tata Tea
• Open interest jumps in April contracts
• Re gains 5 paise; gilts rise