Highlights

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COMPANIES

• Petronet to decide on fate of Central India pipeline in May
• L&T seeks $50-million loan from IFC for restructuring
• Jindal Strips makes $15 million part-payment for FCCB issue
• Birla Copper to use Mitsubishi Tech for capacity expansion
• Reliance Infocomm to dump direct sellers
• Who's buying brand Chandrika?
• Netafim gets nod to buy out partners in joint venture
• Joint group to sort out DCA-SEBI overlap
• BSNL to go aggressive on WLL services

INTERNATIONAL BUSINESS

• Iraq's ex-army general to head delegation to Opec
• IMF approves $567-mn credit for Sri Lanka
• US posts $58-bn budget shortfall in March
• SEC to help NYSE probe trade misdeeds

GENERAL

• Goa downplays SARS impact on tourism
• WTO Talks: speedy progress vital for high economic growth, says IMF
• Ficci panel ties up with global body to take on counterfeiting in India

BANKING AND FINANCE

• Pvt banks, insurers turn aggressive sellers
• IDBI, Bank merger ruled out