FM to let state-run banks enter insurance
The finance ministry will allow public sector banks to participate in the insurance sector. However, it will keep developmental financial institutions away from joining the sector.

Dabhol Power gives MSEB a jolt; presents Rs 230cr electricity bill
For a change the Maharashtra State Electricity Board has received an electricity bill. Earlier this month, Dabhol Power Company presented an energy bill of Rs 230 crore to MSEB which seems to have "shocked" MSEB.

Kargil is a boon for commercial vehicle sector
The Kargil conflict, which has been inflicted upon India by Pakistan, seems to have an unintended beneficiary, the commercial vehicle industry.

  Iraq sets up body to produce oil spare parts
  Fed may raise interest rates by 75 basis points, says report
  Japan wheat imports under buy-sell scheme may fall short of target
  Kerala's natural rubber exports plan may not take off
  Financial Briefing
  Property rates in Mumbai dip, but analysts be to differ
  Special import licence costs exporters dear
  `Indian troops may cross LoC if necessary'
  Executive Briefing
  FDI inflows into developing countries down 4%
  US House member seeks fellow lawmakers support on Kargil
  DoT bonanza for metro players
  BIS to train industry on new ISO 9000 standards
  Duff & Phelps paints a rosy future for global ad industry
  Asia's strengthening currencies pose a threat to export recovery
  Briefing
  Govt shortlists 20 minor ports for upgradation
  BSES plans greenfield venture in Delhi
  Iron & steel among five added to Railway discount scheme
  Govt probes EIL's tendering on complaints from Marubeni
  Kochi Metro Rail project caught in red tape
  DGCA bans import of aircraft sans A & C transponders
  India bags rail project in Malaysia in barter deal
  Icra seeks strict regulatory rules for insurance firms
  IDBI completes appraisals of 9 projects for grants worth Rs 26 cr