• M&M posts Rs236-cr net profit
• IOC Q4 net slips 60 pc: oil bonds make up
• Hero Honda launches yet another Splendor
• Ranbaxy gets rights for 13 dermatology products in US
• Jain Irrigation to acquire stake in Israeli co
• Unitech Q4 net jumps to Rs357-cr
• SAIL to expand capacity
• Essar to encash Hutch stake
• NTC to sell mill land
• TCS sets up financial solutions unit

GENERAL

• CMs demand subsidy revamp
• Government to import wheat

MARKETS

• Korean major Mirae Asset to begin operations in India
• Sebi bans Adani group promoters for two years
• Binani Cement closes below issue price
• BSE market cap touches $1 trillion
• International Tractors may sell 5 pc stake to PE firm

BANKING AND FINANCE

• Rupee gains
• ICICI Holdings to raise $500mn from stake sale
• StanChart may acquire 49 pc stake in UTI Securities
• ING Vysya launches ULIP

INTERNATIONAL

• Oil nears $70 a barrel
• 'Rich countries should pay global warming bill': Oxfam

PEOPLE

• Nayak may be reappointed UTI Bank chairman