Highlights

Internet Explorer 4.0 and above : Bookmark this page Netscape users : CTRL+D to Bookmark

COMPANIES

• Nine Indian firms figure in Forbes list
• Bayer CropScience sells pesticide brand to Cheminova for Rs 10 crore
• Dunlop revival held up on AAIFR nod delay
• Two-wheeler companies offer discounts to boost volumes
• Gillette to tap mass market for double-edged blades
• IA, A-I taken off sell-off list, other PSUs targetted
• XCyton plans expansion to make 3 diagnostic kits
• PPN Power closes down TN plant
• Govt to call fresh bids for SCI sell-off — 51 per cent sale in RCF cleared
• Audit panel chief should appoint valuers: DCA
• SAIL's Rourkela plant steps up capacity utilisation
• The ball is in Cabinet's court — Voting rights for Coca-Cola Indian shareholders

INTERNATIONAL BUSINESS

• GM nets $1.5bn in Q1, may go slow in '03
• Continental suffers $221m loss
• American Stock Exchange may be sold for $100m
• NY Fed chief to head US accounting oversight board
• JP Morgan faces probe for Enron connections
• Philips incurs €69 million loss on poor sales
• IBM sales up 11 per cent to $20bn on cost cuts
• Johnson's revenues jump 13 per cent
• America Online files 5 spam lawsuits
• Marilyn Monroe jewellery stolen from exhibition in London

GENERAL

• Oil prices come down by Re 1
• Electricity Bill to counter power ind Ills
• Food processing industry grew despite drought: CII survey
• Govt to seek special visa for IT pros
• India Inc. seeks reduction in dividend distribution tax

BANKING AND FINANCE

• ICICI Bank plans to sell Mumbai suburb property
• HDFC Bank ’02-03 net up 30 per cent to Rs 388 crore
• LIC alone to receive interest subsidy for pension scheme
• Investsmart renamed; to expand scope
• ICICI Home Fin PTC gets AAA
• Infosys gets top rating
• Good, bad & ugly
• Dattasayi assets to be auctioned for debt recovery
• RBI data shows 19 per cent Y-o-Y credit growth by Dec 2002

CAPITAL MARKET

• Deutsche unveils fund portfolios
• Tata Steel dips on fall in HR coil prices
• BSE revamps indices
• Infosys leads tech recovery in flat market
• Scrutinise deals in thinly traded stocks, SEBI tells bourses
• Institutions flock to BEL counter
• Mukta Arts loses sheen for FIIs
• Premium narrows for Index futures