Rupee rebounds on Jalan prescription
The spot rupee gained 25 paise, forwards across all maturities firmed up, gilts prices tumbled and overnight call rates zoomed to 40 per cent before closing at 10 per cent on Friday in response to the Reserve Bank of India's rupee-support package.

ICICI sells 6.35% stake in Sri Vishnu to Raju in crucial deal
The Securities and Exchange Board of India (Sebi) has once again been overtaken by the turn of events. With the markets' regulator still dithering over who ought to own Sri Vishnu Cement, ICICI has sold its 6.35 per cent stake in the company to BV Raju.

Honda pullout from Kinetic Honda follows trends in scooter market
The move by Honda Motor Corporation to pull out of Kinetic Honda is a tacit recognition by the Japanese company that its premium-price strategy is not necessarily a sure winner in Indian conditions.

CORPORATE
Bharat Forge plans diversification to beat automotive sector slowdown
Maruti launches Zen diesel, priced at Rs 20,000 more than Uno in Calcutta

ECONOMY
Progress in cotton crop satisfactory: Survey
New textile policy to push industry onto progressive path

EXPRESSIONS
Unfocussed subsidy
Market likely to rally; traders may take long positions

MARKETS
Activity in gold declines in second quarter, says WGC report
Market has broken out, invest before it's too late

LEISURE
Sleepy Baltic isles turns duty-free battleground
Indian geneticists target silk genome