RBI ups yields on 364-day T-bills by 115 basis points
The Reserve Bank of India on Wednesday hiked the cut-off yield on 364-day treasury by a massive 115 basis points to a 18-month high 10.75%, sending a clear signal that short-term interest rates will remain at the current level.

EU move to fuel textile exports
Textile ministry expects annual exports of unbleached cotton fabrics to rise to Rs 12 billion following the European Union foreign ministers' rejection of a European Commission (EC) proposal on anti-dumping duties on Monday.

Ministry cautious on ONGC stake in Bina project
The ministry of petroleum and natural gas has expressed its reservations on the Oil & Natural Gas Corporation's (ONGC) proposal to pick a stake in the six-million-tonne Bina refinery.

CORPORATE
Sony India unpacks new ware; chalks out plan to expand product range
BPL Mobile unveils `intelligent' network

ECONOMY
Karnataka records higher growth in arecanut
Centre mulls steps to boost marine sector

EXPRESSIONS
Colour Chem in for tough times
Reliance: Positive anticipation

MARKETS
FIs to support stake hike by FAG Precision's German collabor
Recovery likely to be sustained

LEISURE
Second-rate work fouls the market
The ABCs of getting ahead