COMPANIES

• Ogilvy & Mather bags HLL’s Brooke Bond tea ad account
• Concept Hospitality, Ceebros Hotels to set up south India’s first Ecotel by ’04
• Dishnet shelves undersea project
• Gail to conduct feasibility study of Assam cracker plant
• Electrolux asked to give written response — Merger of Intron Ltd
• Ford may launch Focus in India
• Wockhardt plans US, EU launch
• BDA to revive Tracstar distillery in Karnataka
• Cabinet skips TRL revival issue
• Death toll in Ranbaxy fire up to 4
• Reliance Capital picks 3.05 per cent equity in BSES
• M&M lines up export markets for Scorpio

GENERAL

• Experts doubt sustainability of industrial recovery
• Changes in DEPB scheme likely to make it WTO-compatible
• CACP may not increase MSP for kharif crop
• External debt increased to $105 bn by Dec 2002

BANKING AND FINANCE

• HDFC MF completes acquisition of Zurich India schemes
• Madras HC set aside CLB order in TMB case for now
• HDFC Bank teams up with ANB for remittance service
• SBI Gilts to merge with DFHI by August
• GPRS tech from Idea Cellular for bank ATMs
• SBI plans new products for RIB investors
• IFC to fund L&T's overseas growth plans
• Chamber plea for softer approach to export credit
• ICICI Bank ties up with Trinethra

CAPITAL MARKET

• UTI Mutual unveils new open-ended scheme
• BSES on bull run
• VST stock touches 52-week high
• Parent buys Nestle shares again
• BSE offers single order book for RSEs' illiquid scrips
• Maruti IPO oversubscribed by about eight times
• Rupee firmer; gilts inch up

INTERNATIONAL BUSINESS

• BPO hiccups not to affect India IT biz
• Ghosn will remain in Nissan's driver seat
• Eurocopter, HAL to make choppers
• US to file case on EU biotech after talks fail

PEOPLE

• IHCL appoints Bickson as MD
• Jet Air appoints new CEO, COO
• Professionals elected to Union Bank board
• Ketan Parekh agrees to repay BoI dues