Strategic PSU sale may be put off till October
The strategic sale of public-sector undertakings (PSUs) recommended by the Disinvestment Commission will have to wait till the formation of a new Government around October.

Uco board clears 35 branches closure
The board of Uco Bank has so far cleared proposals for closure/merger of about 35 branches all over the country. Among those awaiting board clearance are two branches in Mumbai and one in Pune.

Six global oil majors seek NELP sops to partner ONGC deep-water exploration
Six global oil giants are in the running to partner the Oil and Natural Gas Corporation (ONGC) in four deep-water blocks in the south and west. However, the companies have asked the Government to accede to their demand for NELP status.

CORPORATE
KCP to set up captive power projects in AP
GIC arms slash growth target to 14.85% for 2000

ECONOMY
India to remain global leader in milk production
Finance ministry expects 10-15 firms to enter insurance sector

EXPRESSIONS
Taxation and income from depreciable assets
The Index

MARKETS
CSCE coffee futures end sharply lower in speculative liquidation, ample supplies
Call-money rates to hover around 8.5% this week; rupee seen steady

LEISURE
Morarjee Mills' design contest: The warp and weft of a new collection
Walls versus Amul: Storm in the vanilla cup