COMPANIES

• Birla Tyres joint-venture plan shelved
• ICICI may divest 11% stake in Biocon India
• Security clearances slow down Bharti ILD plan
• M&M considers eco-friendly vehicles unit
• IA takes Rs 100-cr cover against default by agents
• Mercator Lines net profit doubles to Rs 7.54 crore
• Nava Bharat Ferro closes machine-building unit
• Tata Telecom to pay 20% dividend
• Lease Plan to venture into car rentals business
• Indian Oil may be the loser in IPCL sell-off
• IOC, ONGC show interest in EIL stake
• AIG likely to invest in Cafe Coffee Day
• Sika finishes buyout in Indian arm
• HLL finds way to compensate shareholders
• Nocil closes down Thane petrochem unit
• Krone witnesses flat topline growth in 2002-03
• SAIL makes record in offloading coking coal

GENERAL

• 39 FDI cases cleared, Shyam Tele included
• International airlines, A-I bail out of Apex system
• Court asks customs to pay demurrage in import case
• Reduced PC sales hamper IT ambitions

CAPITAL MARKET

• Sensex down 96 points; gold touches new heights