Deepak Parekh panel may plump for new scheme to bail out US-64
A new unit scheme is likely to be floated in this fiscal to bail out the beleaguered Unit Scheme, 1964. The idea is to transfer a part of US-64's underperforming equity portfolio to the new scheme and replace it with debt securities with a higher income-generating potential.

Indian Oil offers NTPC 24% in Gujarat power project
Indian Oil Corporation is planning to rope in National Thermal Power Corporation (NTPC) as the third joint venture partner for its Rs 1,700-crore 500mw refinery residue-based power project in Gujarat.

Dr Reddy's, Lupin Laboratories lead local pack for mail-box applications
The Indian mail-box for new pharmaceutical entities is not merely full of international mail. While the list is dominated by top-notch multinationals like Glaxo Wellcome and Pfizer, the Indian challenge appears to be led by Dr Reddy's Laboratories, Lupin Laboratories and JB Chemicals & Pharmaceuticals.

CORPORATE
Partners for IBP ruled out till deregulation of petroleum sector
IDFC to set up debt-market advisory group

ECONOMY
Congress not to bring down BJP government
Site clearance mandatory for mega power projects

EXPRESSIONS
Uncertainty looms
Spiralling prices

MARKETS
IDBI to float Rs 1,500cr bond issue
Birla Copper to seek nod for hedging on LME

LEISURE
Waiting for the Indica: Great Expectations
Naidu named IT man of the year