COMPANIES

• Maybach, the Rs 3-cr car — Daimler yet to decide on import
• Carona must wind up: BIFR
• Escorts arm in tie-up for basmati exports
• TNPL plans Rs 750-cr capacity expansion
• PowerGrid moves CERC to recover fine from MPSEB
• Essar to invest Rs 350 cr in online lottery venture
• Karnataka clears Nagarjuna Power Project, offers payment security
• Siemens to hike stake in IT subsidiary to 100 per cent
• Siemens Q2 profit up 43 per cent to Rs 34 crore
• Ranbaxy Labs receives FDA approval for Fluconazole
• Court directs summoning of Ambanis in conspiracy case
• TCS recasts top deck ahead of IPO
• Gulf cash jingles for Malayalam TV channels
• Cox & Kings to divest in PR firm
• Oracle, SAP, CA to search for Indian talent

GENERAL

• VAT meet put off due to debate on finance bill
• Service tax comes under union list, Lok Sabha okays bill
• Railways joins the bottled water war with rail neer
• Winner of debt swap scheme for states is West Bengal

BANKING AND FINANCE

• Birla Sun Life premium zooms 385 per cent to Rs 170 crore
• Home loans up despite huge prepayments
• IFCI’s first property seizure is Arihant Ind EOU at Baddi
• UTI Bank ’02-03nNet profit rises 43 per cent to Rs192.18 crore
• Sundaram Home net doubles
• SBI Home Fin may cease to exist
• Aviva Life may cover self-help groups
• Indian Bank readying for initial offer after July ’04
• ICICI Lombard may double cap base to fund expansion

CAPITAL MARKET

• HSBC Mutual AUM cross Rs 1,000 cr
• Sundaram Select Focus Fund entry load waived
• HDFC MF to offer composite service
• BSE brokers pay Rs 47 cr turnover fee
• Order hopes drive Wipro stocks
• Sona Koyo down, Bharat Gears moves up
• L&T shares trade at premium to offer price
• Open interest grows two-fold in BHEL
• Re strengthens; gilts weak

INTERNATIONAL BUSINESS

• US Fed keeps key interest rate steady
• US, Singapore to ink free trade pact
• US probes if Boeing misused Lockheed papers