P&O offers Reliance majority stake in Vadhavan port
Reliance Industries (RIL) has been offered a majority stake in the P&O Ports-promoted Rs 3,990-crore Vadhavan project. Reliance managing director Mukesh Ambani will meet P&O Australia chairman Richard Hein in Mumbai later this week to discuss the matter.

Listed state-run banks told to induct public shareholders' nominee
The finance ministry has directed all listed public sector banks to appoint at least one public nominated shareholder on their board. Though the ministry has not set any deadline for the appointments, banks have been directed to carry out the same at the earliest.

Chary pharmaceutical companies grant approval to exclusive marketing rights
As the government readies itself to introduce the amended patents bill during the winter session of Parliament, India (Pharma) Inc now appears to be more prepared to withstand the worrying side-effects of Y2K 2005.

CORPORATE
Power firms vie to forge escrow pact with TNEB
Infar India may cash out stake in Intervet

ECONOMY
Steel sector for seeks revival package
Export of Indian spices to US look up

EXPRESSIONS
Transition from an allied force to farce
Disadvantage banks

MARKETS
Lack of marketing strategies discourage organic cotton growing in country
Bullish signs emerge in select scrips

LEISURE
Most foreign banks remain cyber-shy
Pharmacy provides exciting alternative to medicine