US-64 bounces back after mega revamp
The equity portfolio of US-64 has turned healthier following a mega restructuring exercise undertaken by the Unit Trust of India during 1998-99. Apart from the transfer of weak PSU stocks to the Special Unit Scheme (SUS), UTI churned its portfolio in favour of highly liquid and growth stocks.

SBI to offer 11% to local partner in life insurance venture
The State Bank of India (SBI) has also decided to rope in a domestic partner for its proposed foray into life insurance venture by giving it a 11% stake while the foreign insurance major will hold 26%.

Good response eggs BHEL to nip VRS in no time
The state-owned Bharat Heavy Electricals Ltd (BHEL) has wound up its voluntary retirement scheme (VRS) two months ahead of its actual date of closure due to the overwhelming response from its staffers.

CORPORATE
Nicholas Piramal, Siegfried Pharma ink pact
HDFC Bank forays into new issue financing

ECONOMY
EC says genetically modified rice will help poor nations
Fire insurance premium may dip by year-end

EXPRESSIONS
Paving way for mass computer literacy
Internet banking -- Growing beyond traditional networks

MARKETS
HSE likely to suspend trading in Amara Raja Batteries for a day
Sebi calls stock exchanges meet to thrash out Y2K compliance

LEISURE
Channel [V] widens focus to become complete youth channel
Shekhar not to allow Censor cut Elizabeth