COMPANIES

• SKF Bearings to foray into services business
• Ashok Minda group buys out French partner in Sylea Auto
• Raymond net up 2.4 per cent to Rs 90 crore in 2002-03
• FAG net rises 32 per cent to Rs 20 crore in ’02
• Nicholas Piramal posts Rs 40 crore net in Q4
• Haldia Petro begins export of finished goods
• Scheme of arrangement for Essar Oil debenture holders
• Eveready shelves bifurcation plan
• Grasim sets May 7 for L&T open offer
• Pharmacia becomes `subsidiary' of Pfizer
• Godrej Foods' stake change
• Non-compliance of orders — BIFR pulls up IFB Ind
• Whirlpool hopes to clock 15 pc growth
• Wipro to buy US consulting firm for $18.7 m
• 13 pc rise in Keltron operating profit
• Satyam revenue up 14.7 pc; earnings flat — Writes off Rs 152-cr investment

GENERAL

• CAG report underlines PSUs’ uncompetitiveness
• Panel on GM crops meets today; NGOs allege govt-ind nexus
• Rs 1.4 corer Canadian grant for NCAER

BANKING AND FINANCE

• More entities allowed in interest rate derivatives
• Banks wary of ECB prepayment loans
• StanChart, BPCL launch co-branded debit card
• Panel for cap on SLR investments in banks
• Crisil, Fitch give ‘AAA’ for HLL’s bonus debentures
• Shrachi Securities gets Dutch credit
• IRDA chief opposes regulator for pensions
• Andhra Bank gets nod for merger
• RBI allows hedging interest rate risks
• Bengal banks to strike today on StanChart issue
• StanChart eyes distressed assets
• Sabre will retain Centurion name & staff
• AP co-op bank victims up in arms

CAPITAL MARKET

• HLL hits historic low
• Subex Systems up on funds' support
• Tata Engg sees huge sell-off
• HLL drags Sensex even as Satyam sizzles
• Rupee steady; bonds volatile

PEOPLE

• New marketing head at Ashok Leyland