Marathon to rope in ally for Essar Power
Marathon Power of US may bring in a new Indian partner in Essar Power Ltd. Marathon is looking at doubling Essar Power's capacity to 1,000 mw.

NSE takes on BSE with 3-day settlement
The National Stock Exchange has announced a new 3-day settlement beginning next Monday which is seen by brokers as a strategic move to boost its business.

Arvind Mills kicks off recast, to spin off garments and telecom businesses
The Lalbhais have embarked on a major restructuring exercise for flagship Arvind Mills by announcing their intention to spin off the company's garments and telecom businesses into two separate subsidiaries.

CORPORATE
Godrej Soaps paid Rs 18 cr to re-acquire brands from Cussons
ICICI Infotech on the prowl for new acquisitions

ECONOMY
DoT sets fresh deadline for errant telecom cos
Kargil locals don't share national high over its importance

EXPRESSIONS
Economy to grow at 6.5%, industry will drive growth
Stubborn deficit

MARKETS
Margin fears pull Sensex down 95 points
Sebi must be revamped, says Assocham president

LEISURE
Venture capitalists may be kept out of Internet
Transparency, shared vision will help carry changes through