Highlights

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COMPANIES

• Grasim revised open offer for L&T unaltered
• i-flex braces for legal battle
• Volvo all set to hike prices of models - Bid to neutralise VAT effect, says Managing Director
• Pfizer defers Q1 results announcement
• Morepen closes GDR issue on Luxembourg
• Jubilant Organosys take-over of Max biz completed
• PVR raises Rs 38 cr from ICICI Venture
• Hero Honda hits turnover target

INTERNATIONAL BUSINESS

• Callum McCarthy to head FSA
• American Airlines pilots okay $660m wage cuts

GENERAL

• Jaitley raises the bar on exports - Gives special thrust to services, SEZs, agriculture in Exim Policy
• Govt bullish; war concerns remain - `Indian shipments worth Rs 1,000 cr stuck'

BANKING AND FINANCE

• e-transfer of inter-bank funds from today
• BoP surplus doubles to $6.11 billion
• `Max NY Life stays focused on quality '
• ECGC premium income up 11 pc

CAPITAL MARKET

• SEs moving to T+2 rolling settlement from today
• Hindustan Lever hits 10-year low
• War drives investors to pharma scrips

PEOPLE

• Forienza is V-P of BD Biosciences