COMPANIES

• Indian Airlines may tie up with Air Deccan
• Escorts postpones annual meet
• Parryware to install electronic flushing urinals in schools
• Hind Sanitaryware shelves JV plan with German firm
• RINL clocks Rs 521-crore profit
• ICI to finish revamp exercise by end-fiscal
• Siemens to supply two gas turbines to Konaseema
• Bajaj Auto to revamp international operations

GENERAL

• GoM for hike in foreign investment cap in telecom to 74%

BANKING AND FINANCE

• Cooperative society to introduce banking hour
• Singapore to play host to World Bank, IMF meets
• Bank of New York to offer outsourced services
• PNB opens offshore banking unit in Mumbai
• RBI warns about luring funds
• American Express launches e-credit card

MARKETS

• NTPC issue likely to hit market by March 2004
• Hikal improves on placement talk
• SAIL improves on second quarter hopes
• Shasun preferential allotment gets shareholders' nod
• Rupee down