COMPANIES

• MUL hikes prices of all its vehicles
• Abbey National to take 30% stake in Tata Home Finance
• Kuwait Petroleum eyes equity in Reliance Petroleum
• Daewoo offers extended two-year warranty
• Philips tie-up with Agrani for mobile phones

GENERAL

• Long-distance telecom set to grow to Rs.20,800 crore by 2004-05

PEOPLE

• Prof. M. Subramanyam: Indian corporates must undergo "cultural shocks"