Highlights

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COMPANIES

• Centre invites EoIs from global consultants for HPC stake sale
• Bhilai Steel likely to post Rs 700-cr profit
• PFC net up 37 per cent to Rs 1,067 cr in 2003
• Telco achieves Rs 900-crore cost savings in 3 years
• 15 per cent of Apollo Tyres on auction
• PPN defaults on debt repayment
• CLB nullifies crucial Dabhol board decision
• TDSAT to take up IUC after WLL hearings — Cell players asked to detail projected revenue losses
• Essar Oil seeks more time for bonds repayment
• InterContinental boutique hotel opened in Mumbai
• Mascot Systems ties up with Nihon Unisys
• Moser Baer targets home turf with own brands
• Haldia Petro posts Rs 300-cr earnings — Lenders offer interest-funding support
• HAL turnover tops Rs 3,000 cr
• Hyundai sells more in March
• Munoth seeks to raise equity for expansion

INTERNATIONAL BUSINESS

• News Corp is lone bidder for DirecTV
• Hathaway to buy Clayton for $1.7bn
• C&W rejigs top brass, brings in Francesco Caio as CEO
• WHO issues travel alert for HK, South China
• ImClone takes $23m charge on ex-CEO's tax slip-up
• Global airline crisis takes another victim

GENERAL

• Irda asks brokers to prove their ‘usefulness’ to corporate world
• Vajpayee, DPM to head sub-committees of NDC
• Govt favours statutory powers for ICAR
• Monthly revision of crude edible oil tariffs sought

BANKING AND FINANCE

• RBI gets tough on `clean-note policy'
• PNB east zone unveils core banking solutions
• Max New York unveils corporate agency model
• Country Club offers to repay Prudential loans

CAPITAL MARKET

• 50 per cent index scrips beat the street
• Bharti Tele shares jump 11.5 pc
• Tata Chemicals perks up on SC verdict
• Zee recovers on FII support
• SEBI paper seeks powers for SEs to penalise cos
• Power Finance Corpn IPO plan awaits Finance Ministry nod

PEOPLE

• Muthuswamy to head Dhanalakshmi Bank
• Top management recast at BPL group