COMPANIES

• We are not hit by unrest at parent company: Hyundai India
• Tinplate to increase capacity by 20,000 tonnes
• JK Corp stalls operations at magnetic tape unit
• M&M, Valtra Tractors in talks for probable investment
• Suzuki opts for JV route for two-, three-wheelers
• BHEL unit bags STP order
• Pune to be fifth location for Dr Reddy’s R&D centre
• IHCL Q1 net profit rises 86%
• Grasim Q1 net up 24% to Rs 131 crore
• BSES Q1 net profit up 8%
• Polaris Q1 net up 15% to Rs 16 crore

GENERAL

• ADB discusses progress of poverty reduction strategy
• Fiscal Bill tabled in Rajya Sabha

BANKING AND FINANCE

• Top rating for Hudco’s bond programme
• SBM Q1 net profit spurts 90% to Rs 44.4 crore
• Five public sector banks share ATM network
• LIC Housing Q1 net at Rs 34 crore
• Karur Vysya Q1 net up by 37%
• BoI net profit up by 15% in Q1
  

CAPITAL MARKET

• Broker picks up 5% stake in Texmaco
• Merrill Lynch stake in Polaris triples to 3.88%
• Rupee firm

INTERNATIONAL BUSINESS

• Enron: Citigroup, JP Morgan go for settlement
• AT&T to submit fresh evidence on Worldcom
• Enron examiner says banks may lose $5-billion claims
• Xerox profits falls

PEOPLE

• Dugade is BoM executive director