Highlights

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COMPANIES

• Colour-Chem to make open offer for 20 per cent in Vanavil Dyes
• HC orders report on re-start of Dabhol project
• Pay channels gear up for joint cost package
• Telco sales climb 19 per cent in 2002-03
• Ceat to focus on non-truck tyre segment
• Ethiopian Airlines to operate Mumbai-Beijing direct flights
• Sterling Biotech bags Rs 22.5-cr orders from US
• Essar Oil plans 20,000 t diesel imports for local market
• Amul claims Mother Dairy trademark — `13-day gap' puts NDDB in a spin
• MNCs: Not above flouting rules
• HLL acquires Amalgam's cooked shrimp business
• Samtel plans foray into colour display tubes
• Yamaha Motor sets up IT arm for software design
• BHEL industrial systems group PBT at Rs 58 cr
• Bajaj Tempo sales up 30 per cent
• Basic tier fee for CAS at Rs 71.33

INTERNATIONAL BUSINESS

• US court slams excessive punitive damages
• P&G clears 'hurdles' for Wella takeover
• Bombardier to get $5bn to upgrade London Tube

GENERAL

• Traders to step up protest against VAT
• Shipping ministry chided for fund underutilisation

BANKING AND FINANCE

• Sun Life keen on India, eyes bigger JV pie
• Nabard plans to help 1 million self-help groups by ’06-07
• ICICI Bank leads domestic lenders in NPA recovery
• RBI sets Rs 111.11 cut-off at 7.37 per cent 2014 bond auction
• Market round-up
• Sale of Coimbatore Pioneer Mills machinery — Sundaram Finance gets HC approval
• Banks draw less refinancing from Nabard
• Tata AIG office in Mangalore
• New India, Bajaj Allianz top premium collections
• Credit limit for overseas ventures hiked
• ICICI Bank to use Pramati tool
• Bank Muscat eyes retail portfolios
• SBI launches Hyderabad card

CAPITAL MARKET

• Bear resurgence
• CSE moots revised balance sheet
• Order buzz lifts Hughes Soft
• Divi's Lab stays on funds' buy list
• Syndicate Bank up on equity cut, dividend hike hopes
• Re dips; gilts volatile