IDBI board tags stiff norms on fresh steel loans
The Industrial Development Bank of India (IDBI) board has reportedly endorsed stiff conditions imposed by the three-member sub-committee appointed to look into the demand of 14 steel projects for additional financial aid.

UTI to seek experts' advice on US-64, income schemes
The board of Unit Trust of India (UTI) has endorsed a proposal to give majority representation to outside experts on asset management committees (AMCs) of US-64, equity and income schemes.

Mulchandanis buy out Akai's 10% stake in Baron International
The Mulchandanis have bought out the 10% stake held by Akai Electric of Japan in Baron International at an undisclosed price. Consequently, the stake of the promoter-family has gone up to 70%.

CORPORATE
BPL to go ahead with Ramagundam power project, despite delay in funds tie-up
Ministry wants SAIL board to ratify Ranchi plant sale

ECONOMY
EEPC closes down 2 overseas offices
Artificial cut in interest rates fraught with danger -- Assocham

EXPRESSIONS
The decline and rise of interest rates
Towards privatising aviation infrastructure

MARKETS
Sensex remains firm; record volumes on BSE
Index fund from IDBI MF with Section 88 benefit

LEISURE
Usha airs out integrated marketing thrust for fans
DVD player makers aim to divide world; techies in Asia conquer plans