Birlas-AT&T, Tatas to merge cell businesses
In a major consolidation in the cellular phone industry, Aditya V Birla group, Tata Industries and US telecom firm AT&T have signed a memorandum of undersanding to merge their cellular businesses.



Stocks bounce back; tech, telecom lead rally
Investors realising Tuesday's budget will not have an adverse impact as originally feared, pivotals bounced back on the Bombay Stock Exchange.



Pacific acquires C&W HKT for $ 35.9 bn
Pacific Century CyberWorks Ltd won the battle to buy Cable & Wireless HKT on Tuesday with a US $35.9 bilion cash-and-share deal, clinching Asia's biggest ever takeover and confirming the power of Internet companies to reshape the corporate world.



Other headlines
Oil trio set to propose 1.2 mbpd extra OPEC output
Oil claims new highs despite supply rise signs
Japan markets on boil, Nikkei at 31-month peak
Survey proposes, budget disposes
Indian exports fall in January
Sales of Indian consumer goods firms seen dampened
Moody's criticises Union budget
No corporates will be allowed to buy bank equity
Maruti sales up by 22 pc
RBI should now act on rate cut -- Sinha
"Manchester of India" disappointed with Budget
Software firms flay move to tax exports
Same old story of unfulfilled promises
Mutual funds get a beating
Dividend tax hike to hit MNCs
Sebi made nodal agency for venture funds