Highlights

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COMPANIES

• L&T’s order booking climbs 20 per cent to Rs 13,000 crore in ’02-03
• L&T to tap equipment, systems market in China
• FACT seeks centre’s nod for layoff
• Hero Honda, HMSI work on mutual co-operation
• Bajoria,and associates declare 4.9 per cent stake in Bombay Dyeing
• Tata group profits jump 27 per cent, sales up just 7 per cent
• SMS Pharma to foray into healthcare products
• Birla Tyres keen to outsource from Tyre Corporation
• Great Eastern to raise Rs 95 crore
• Rashtriya Ispat to boost coke output
• Tata Engg plans fully-built buses
• Central Coalfields turns around

INTERNATIONAL BUSINESS

• Murdoch close to $6.8bn Hughes stake buy
• Big Mac to cut spend by $700m, open fewer stores
• Court rules Visa, MasterCard hid fees
• Qantas to axe 1,000 staff, cut jobs
• TiVo launches home media networking service
• LG Philips to start making handset screens in H2

GENERAL

• MPs cutting across party lines join hands against VAT regime
• Naik hints at cut in oil price st next review meet
• Oil import bill up 24.2 per cent during 2002-03

BANKING AND FINANCE

• ICICI Pru tops Rs 500-crore premium
• Kotak Mahindra plans 75 branches in 3 years
• Banks want PLR floor kept at 10.5 per cent
• Canara Bank, CBoT in deal for bonds private placement
• Hindujas open to 74 per cent stake in IndusInd Bank
• IndusInd Bank bags ISO 9001:2000
• GTF proposes NPA act coverage for NBFCs in factoring & forfaiting biz
• Four state-owned banks agree to share their ATM networks
• Kalpatharu Grameena Bank targets Rs 5-crore profit

CAPITAL MARKET

• Govt may limit tax sops to share buys, not transfers
• 5paisa trader terminal
• Bear domination
• Fear of number pulls down Satyam
• Color Chem sees active trading
• Dow closes down 101 points
• Re down 5 paise; gilts gain