Highlights

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COMPANIES

• Adlabs, Vascon tie up for multiplex in Pune
• Essar Tele to take on Playwin with fortune in three states
• SAIL to hike iron ore output by 15 per cent
• Ranbaxy Labs gets FDA nod for Cefadroxil oral suspension USP
• And now, i-flex staff harassed in Europe
• Reliance denies recall of handsets
• Good news for landline users
• RPG Group, lenders differ on CESC recast
• IOC plans exports of petro products
• Aventis sues Dr Reddy's, alleges patent infringement
• Blue Star to sell stake in YBL
• Cobra beer to soon have a `made in India' tag
• Mars to foray into pet food segment in India
• Nalco proposes Rs 4,000-cr expansion
• SAIL okays 2 projects worth Rs 135 cr
• HC rules BPCL workers strike illegal
• TAFE, US co to develop component export base
• Cotton Corpn to step up sales
• Boeing, Airbus extend deadline for IA price bids
• 3 shortlisted to study cable TV basic tier pricing

INTERNATIONAL BUSINESS

• Toyota to halve board for management efficiency
• HK identifies deadly virus, shuts schools
• Prudential to buy Hyundai units
• Iraq rebuilding contracts to go to US firms
• Enron execs charged in broadband fraud
• European airlines making emergency cuts
• WorldCom posts net profit in January, sales fall

GENERAL

• US terms India as ‘rising global power’
• EPFO Board meet today to decide cut in interest rate
• Local PSF user industry upset as centre slaps dumping duty

BANKING AND FINANCE

• Floating rates on PSB recap bonds from Sept
• Allianz sees Indian insurance market poised for a churn
• Additional credit committee for each SBI circle to expedite loan sanctioning
• SBI Life Insurance rolls out bancassurance in Bengal circle
• Bye bye to `Ashoka Pillar' notes
• Syndicate Bank plans to return Rs 100-cr capital
• Prudential Bank on a major recovery drive — Notices soon to defaulters for Rs 250 cr
• Clean up co-op banks to tap `project loans' again
• Fewer complaints to ombudsman

CAPITAL MARKET

• PruICICI floating rate plan launch today
• Bears prevail
• SEBI supersedes Ahmedabad Stock Exchange for one year — Unofficial trading in exchange premises
• CSE meet today to discuss land sale
• Hero Honda down on Q4 number fears
• Talk of picking stake in Federal Bank lifts Kotak Mahindra Fin
• Nifty puts end higher
• More bank IPOs likely next fiscal
• Irregularities in Videocon deals — SEBI suspends Springfields Securities
• Dow Jones down 28 points at close
• Market round-up