Highlights

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COMPANIES

• Binny promoters challenge BIFR order on property sale
• MUL offers ‘loyalty bonus’ in exchange for new model
• Maruti 800 records its highest sales since debut
• Satyam, Hummingbird tie up for data integration centre
• SRL Ranbaxy offers services to combat SARS
• Roaming charges may double, SMS to go up
• DTH is here, for Rs 5,000
• Honda Motor to import two-wheeler built units — Changes royalty payment norms
• UB group may seek damages if BMRTL is terminated
• Calcutta HC ruling on MAMC workers' dues settlement
• Xerox Modicorp case — Independent investigator wants DCA to widen scope of probe
• Travancore Rayons revival hanging fire
• BEML turnover up 17 pc at Rs 1,675 cr
• BHEL Haridwar net tops Rs 100 cr

INTERNATIONAL BUSINESS

• US businesses slash 108,000 jobs in March
• Global economy hit by negative data, SARS

GENERAL

• I-T refunds up 67 per cent as dept clears backlog

BANKING AND FINANCE

• LIC to source 5 per cent business via alternative distribution avenues
• Guidance note on securitisation accounting is good move: Crisil
• RBI notifies issue of 8 per cent 2003 savings bonds
• IDF receives Rs 590-crore commitments
• Mahindra Gesco may extend pre-EMI payment scheme
• BoI can sell KP's 4.5 per cent in Balaji
• OM Kotak expands capital base
• DCB raises Rs 66 crore
• Central Bank zone to hike rural lending
• ECGC products soon for services export
• Bank officers' meet

CAPITAL MARKET

• Over 1.5 cr US-64 units traded on NSE in one day
• Interest perks up in Oriental Bank of Commerce
• Cipla dips on poor Q4 result prospects
• Buying interest in NIIT
• Banking stocks gain in range-bound market
• NTPC issue offer may be at Rs 20 premium
• BSE opens investor service centre at Kochi
• Dollar resumes gains as US troops close in on Baghdad
• Rupee, gilts range-bound

• New EDs for IIBI, UCO Bank